Abilene, Texas Lender Lends Money to Water, Sewer, And Utility Lines Company
Get SBA loans from an Abilene, Texas bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too.
American State Bank is a Abilene, Texas small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Texas company.
SBA Loan Borrower
COMPANY TYPE: WATER, SEWER, AND UTILITY LINES
ABILENE, TX 79602
SBA Loan Lender
AMERICAN STATE BANK
402 CYPRESS ST
ABILENE, TX 79601
This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
SBA Loan Program Type
This loan was issued as a general business loan.
1623 - Water, Sewer, and Utility Lines
234910 - Water, Sewer, and Pipeline Construction
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $149,901 loan amount, the SBA guaranteed $127,415.
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 30 employees. This SBA loan request did not indicate that the company planned to use the money to add employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
If you need money to start a business or need money for an existing business, an SBA loan can be a great way to raise money
The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. American State Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, American State Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.
The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.
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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