Loan Census Banking News and Information
February 1, 2023  
 
 
  Business Loan Information  
 

Abilene, Texas Bank for SBA Loans

 

 
Loan Census SBA Loan Info

Commercial Loans for Amusement and Theme Parks

Looking for commercial loans for amusement and theme parks? An SBA loan may be just what you've been looking for. This $60,600 amusement and theme parks loan was issued by a Texas bank.

Getting a small business loan in Abilene, Texas was important for this business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from American State Bank, operating out of Abilene, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: AMUSEMENT AND RECREATION SERVICES
ABILENE, TX 79608

SBA Loan Lender

AMERICAN STATE BANK
815 N JUDGE ELY BLVD
ABILENE, TX 79601

This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with getting a loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7999 - Amusement and Recreation Services

NAICS Code

713110 - Amusement and Theme Parks

Loan Approval Date

8/16/2000

Loan Approval Gross Amount

$60,600

Loan Approval from the SBA

Of the total $60,600 loan amount, the SBA guaranteed $48,480.

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 4 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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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