Financing for Textile Product Mills

Looking for commercial loans for textile product mills? Talk to a banker who works with the SBA. This $142,600 textile product mills loan was issued by a Texas bank.

Getting a small business loan in Wichita Falls, Texas was important for this small business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from State National Bank Of Texas, operating out of Iowa Park, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: TEXTILE PRODUCT MILLS
WICHITA FALLS, TX 76301

SBA Loan Lender

STATE NATIONAL BANK OF TEXAS
104 W PARK
IOWA PARK, TX 76367

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

314999 - Textile Product Mills

Loan Approval Date

8/11/2005

Loan Approval Gross Amount

$142,600

Loan Approval from the SBA

Of the total $142,600 loan amount, the SBA guaranteed $121,210.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

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 State National Bank Of 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.

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