Book Stores Bank Loans
Looking for bank loans for book stores? The SBA may be the answer. This $20,400 book stores loan was issued by a Texas bank.
Getting a small business loan in Abilene, Texas was important for this company 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: BOOK STORES
ABILENE, TX 79605
SBA Loan Lender
AMERICAN STATE BANK
402 CYPRESS ST
ABILENE, TX 79601
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.
5942 - Book Stores
451211 - Book Stores
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $20,400 loan amount, the SBA guaranteed $16,320.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had only one employee. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees.
Getting an SBA Loan For Your Business
If you are raising money in Abilene TX, you ought to talk with a local Abilene SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Abilene businesses.
Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $20,400 loan. Remember, anyone can do it... so why not 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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