Spring, Texas Bank Gives SBA Loan to Nondurable Goods Company

Want to talk with a Spring, Texas bank about a business loan? Here's one Texas business loan, issued by a Spring bank, that was approved by the SBA.

Applying for an SBA loan with Amegy Bank worked out well for our friends at one local firm in Spring, Texas. The business was able to get an SBA loan for $120,500. Sweet!

SBA Loan Borrower

COMPANY TYPE: NONDURABLE GOODS
SPRING, TX 77388

SBA Loan Lender

AMEGY BANK
1000 SPRING CYPRESS RD
SPRING, TX 77373

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.

SIC Code

5199 - Nondurable Goods

NAICS Code

333999 - General Purpose Machinery Manufacturing

Loan Approval Date

11/17/2000

Loan Approval Gross Amount

$120,500

Loan Approval from the SBA

Of the total $120,500 loan amount, the SBA guaranteed $90,375.

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 SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Amegy Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Getting a Small Business Loan

Best Spring, Texas Banks for Small Business

Find an SBA Lender in Texas