Citizens Bank SBA Loan to Vending Machine Operators Company
Citizens Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a Texas entrepreneur was able to get a loan to take a small business to the next level.
Getting a small business loan in Abilene, Texas was an essential business goal for this company back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Citizens Bank, operating out of Abilene, Texas. Here are the details on this Texas small business loan.
SBA Loan Borrower
COMPANY TYPE: VENDING MACHINE OPERATORS
ABILENE, TX 79606
SBA Loan Lender
4201 S TREADAWAY BLVD
ABILENE, TX 79602
This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.
SBA Loan Program Type
This loan was issued as a general business loan.
454210 - Vending Machine Operators
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $28,700 loan amount, the SBA guaranteed $24,395.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had only one employee. The SBA loan documents did not indicate that the small business planned to use the money to add employees or retain any existing employees.
Getting an SBA Loan For Your Business
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
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 Citizens Bank 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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