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May 6, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Hondo, Business Loans > The Hondo National Bank Hondo Business Loans > Recreational Vehicle Dealers Loan | ||||
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Banks Doing SBA Loans in Texas
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Hondo, Texas Bank Gives SBA Loan to Recreational Vehicle Dealers CompanyFind Hondo, Texas banks that specialize in SBA loans and know how to work with entrepreneurs. The Hondo National Bank is one such bank, as evidenced by this SBA loan to one business. Finding a small business loan in San Antonio, Texas starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from The Hondo National Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: RECREATIONAL VEHICLE DEALERS SBA Loan Lender THE HONDO NATIONAL BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide debt financing to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 441210 - Recreational Vehicle Dealers Loan Approval Date 8/20/2003 Loan Approval Gross Amount $360,100 Loan Approval from the SBA Of the total $360,100 loan amount, the SBA guaranteed $270,075. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the company planned to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like The Hondo National Bank and they will explain how you can get an SBA loan for your company. About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: Family and Friend Investors - Your First Financiers Who Lends Money to Small Businesses in Hondo, Texas
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