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May 15, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Mission, Business Loans > Inter National Bank Mission Business Loans > Convenience Stores Loan | ||||
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SBA Lenders in Texas
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SBA Loan from Inter National Bank Helps Convenience Stores CompanyAn SBA loan from Inter National Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a San Juan, Texas business owner got a $35,000 loan. This small firm knew how to go about getting a business bank loan. Based in San Juan, Texas, they applied for and received an SBA-guaranteed loan in 2002. The lending bank was Inter National Bank, based in Mission, Texas. SBA Loan Borrower COMPANY TYPE: CONVENIENCE STORES SBA Loan Lender INTER NATIONAL BANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 445120 - Convenience Stores Loan Approval Date 8/26/2002 Loan Approval Gross Amount $35,000 Loan Approval from the SBA Of the total $35,000 loan amount, the SBA guaranteed $29,750. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The loan application did not indicate that the small business planned to use the funding to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. This SBA loan was for $35,000. How would you spend $35,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Find an SBA Lender in Mission, Texas
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