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May 6, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Midlothian, Business Loans > Citizens National Bank - Texas Midlothian Business Loans > Support Activities For Oil And Gas Operations Loan | ||||
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Midlothian, Texas SBA 7A Banks
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Midlothian, Texas Lender Lends Money to Support Activities For Oil And Gas Operations CompanyA Midlothian, Texas SBA loan can be yours. Learn how a business got a $150,000 business loan from this Texas bank. This loan to a local firm is a good example of an SBA loan. Citizens National Bank - Texas made the loan and the SBA guaranteed a portion of the loan. Many other Texas entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: SUPPORT ACTIVITIES FOR OIL AND GAS OPERATIONS SBA Loan Lender CITIZENS NATIONAL BANK - TEXAS 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 213112 - Support Activities for Oil and Gas Operations Loan Approval Date 7/9/2002 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 an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business If you need business start up 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. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $150,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Find an SBA Lender in Midlothian, Texas
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