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May 14, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Wellington, Business Loans > Pilgrim Bank Texas Wellington Business Loans > Automotive Parts And Accessories Stores Loan | ||||
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Pilgrim Bank Texas
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Business Loan from Pilgrim Bank Texas Given to Automotive Parts And Accessories Stores CompanyPilgrim Bank Texas has a track record as a leading provider of SBA loans. Find out how this Texas entrepreneur received an SBA loan from them. This growing company received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Pilgrim Bank Texas, out of Wellington, Texas. The loan was granted and they received $54,900 to help grow their Wellington, Texas business. SBA Loan Borrower COMPANY TYPE: AUTOMOTIVE PARTS AND ACCESSORIES STORES SBA Loan Lender PILGRIM BANK TEXAS This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 441310 - Automotive Parts and Accessories Stores Loan Approval Date 8/12/2004 Loan Approval Gross Amount $54,900 Loan Approval from the SBA Of the total $54,900 loan amount, the SBA guaranteed $46,665. 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 SBA funding recipient promised to use the money to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide smart, affordable business financing for small businesses looking to expand. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Pilgrim Bank Texas and they will explain how you can get an SBA loan for your company. 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: Obtaining Funding - How to Borrow Money SBA Approved Banks in Wellington, Texas
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