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May 2, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Denton, Business Loans > First United Bank & Trust Denton Business Loans > Specialty Food Stores Loan | ||||
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Texas SBA 7A Lenders
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Denton, Texas Bank Gives SBA Loan to Specialty Food Stores CompanyThinking about meeting with a Denton, Texas bank about an SBA loan? Here's one Texas business loan, issued by a Denton bank, that was approved by the SBA. Applying for an SBA loan with First United Bank & Trust worked out well for our friends at one local company in Sanger, Texas. They received an SBA loan for $120,000. Awesome! SBA Loan Borrower COMPANY TYPE: SPECIALTY FOOD STORES SBA Loan Lender FIRST UNITED BANK & TRUST This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 445299 - Specialty Food Stores Loan Approval Date 12/17/2003 Loan Approval Gross Amount $120,000 Loan Approval from the SBA Of the total $120,000 loan amount, the SBA guaranteed $102,000. 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 5 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you are raising money in Sanger TX, you ought to talk with a local Sanger SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Sanger businesses. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like First United Bank & Trust are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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:
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