Bank Of America Gives SBA Loan to Family Clothing Stores Company

Searching for a Texas bank loan? This Texas entrepreneur got a bank loan, provided by a North Carolina bank that works with the SBA to help small business owners.

Getting a small business loan in Amarillo, Texas was a top priority for this loan applicant back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Bank Of America. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: FAMILY CLOTHING STORES
AMARILLO, TX 79104

SBA Loan Lender

BANK OF AMERICA
100 N TRYON ST
CHARLOTTE, NC 28255

This small business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

448140 - Family Clothing Stores

Loan Approval Date

7/15/2003

Loan Approval Gross Amount

$19,500

Loan Approval from the SBA

Of the total $19,500 loan amount, the SBA guaranteed $9,750.

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 loan application indicated that the loan would help retain 4 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Financing Your Business

Where to Get an SBA Loan in Charlotte, North Carolina

Getting a Business Loan in North Carolina