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May 15, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Crockett, Business Loans > First National Bank - Crockett Crockett Business Loans > Electrical Contractors And Wiring Installation Contractors Loan | ||||
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Crockett Bank Loan
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Crockett, Texas Bank Gives SBA Loan to Electrical Contractors And Wiring Installation Contractors CompanyThinking about meeting with a Crockett, Texas bank about a small business loan? Here's one Texas business loan, issued by a Crockett bank, that was approved by the SBA. Applying for an SBA loan with First National Bank - Crockett worked out well for our friends at one local company in Fairview, Texas. The business was able to get an SBA loan for $150,000. Awesome! SBA Loan Borrower COMPANY TYPE: ELECTRICAL CONTRACTORS AND WIRING INSTALLATION CONTRACTORS SBA Loan Lender FIRST NATIONAL BANK - CROCKETT 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 238210 - Electrical Contractors and Wiring Installation Contractors Loan Approval Date 4/14/2005 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 a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 17 employees. The SBA loan documents did not indicate that the company planned to use the money to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Best Banks for Small Business in Crockett, Texas Browse All Business Loan Sources for Texas
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