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May 10, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Waco, Business Loans > Amer Bank Waco Business Loans > Vitreous China, Fine Earthenware, And Pottery Manufacturing Loan | ||||
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Texas Small Business Funding
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Get an SBA Loan for Vitreous China, Fine Earthenware, and Pottery ManufacturingLooking for loans for vitreous china, fine earthenware, and pottery manufacturing? An SBA loan may be just what you've been looking for. This $45,000 vitreous china, fine earthenware, and pottery manufacturing loan was issued by a Texas bank. Getting a small business loan in Waco, Texas was important for this growing firm back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Amer Bank, operating out of Waco, Texas. Here are the details on this Texas small business loan. SBA Loan Borrower COMPANY TYPE: VITREOUS CHINA, FINE EARTHENWARE, AND POTTERY MANUFACTURING SBA Loan Lender AMER 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 327112 - Vitreous China, Fine Earthenware, and Pottery Manufacturing Loan Approval Date 3/12/2003 Loan Approval Gross Amount $45,000 Loan Approval from the SBA Of the total $45,000 loan amount, the SBA guaranteed $38,250. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The loan application did not indicate that the business promised to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Amer Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Determining Proper Capital Structure for a Business Best Banks for Small Business in Waco, Texas
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