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May 5, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Nacogdoches, Business Loans > Commercial Bank Of Texas Nacogdoches Business Loans > Sawmills Loan | ||||
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Business Loans for St. Augustine Businesses
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Where to Get Capital for SawmillsLooking for SBA loans for sawmills? Talk to a banker who works with the SBA. This $1,000,000 sawmills loan was issued by a Texas bank. This business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Commercial Bank Of Texas, out of Nacogdoches, Texas. The loan was granted and they received $1,000,000 to help grow their St. Augustine, Texas business. SBA Loan Borrower COMPANY TYPE: SAWMILLS SBA Loan Lender COMMERCIAL BANK OF TEXAS This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 321113 - Sawmills Loan Approval Date 10/12/2004 Loan Approval Gross Amount $1,000,000 Loan Approval from the SBA Of the total $1,000,000 loan amount, the SBA guaranteed $750,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 20 employees. This SBA loan request did not indicate that the company promised to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $1,000,000 loan. Remember, fight for what you want, and it will be yours! 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: SBA 7A Banks for Nacogdoches, Texas Loans
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