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May 9, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Memphis, Business Loans > First Bank & Tr - Memphis Memphis Business Loans > Roofing, Siding, And Sheet Metal Work Loan | ||||
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Memphis Bank Loan
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Memphis, Texas Bank Lends Money to Roofing, Siding, And Sheet Metal Work Company in Amarillo, TexasWant to talk with a Memphis, Texas bank about a business loan? Here's one Texas business loan, issued by a Memphis bank, that was approved by the SBA. Applying for an SBA loan with First Bank & Tr - Memphis worked out well for our friends at one local firm in Amarillo, Texas. They received an SBA loan for $200,000. Nice! SBA Loan Borrower COMPANY TYPE: ROOFING, SIDING, AND SHEET METAL WORK SBA Loan Lender FIRST BANK & TR - MEMPHIS This business 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. SIC Code 1761 - Roofing, Siding, and Sheet Metal Work NAICS Code 238160 - Roofing Contractors Loan Approval Date 7/27/2006 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $150,000. 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 15 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. This SBA loan was for $200,000. How would you spend $200,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: SBA 7A Banks in Memphis, Texas
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