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April 29, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Athens, Business Loans > First State Bank Athens Business Loans > Greeting Card Publishers Loan | ||||
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Athens, Texas SBA Lenders
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Entrepreneur Works With Athens, Texas Bank to Get an SBA LoanThinking about meeting with an Athens, Texas bank about a business loan? Here's one Texas business loan, issued by an Athens bank, that was approved by the SBA. Applying for an SBA loan with First State Bank worked out well for our friends at one local firm in Trinidad, Texas. The business was able to get an SBA loan for $150,000. Great job! SBA Loan Borrower COMPANY TYPE: GREETING CARD PUBLISHERS SBA Loan Lender FIRST STATE BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 511191 - Greeting Card Publishers Loan Approval Date 5/31/2001 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 2 employees. The SBA loan documents did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Role of Business Plan When Raising Money SBA 7A Banks for Athens, Texas Loans
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