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May 2, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Fort Worth, Business Loans > Worth National Bank Fort Worth Business Loans > Software Reproducing Loan | ||||
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SBA 7A Banks in Texas
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Getting an SBA Loan for Software ReproducingWith these business loans for software reproducing, the SBA guarantees the lender that the loan will be repaid. This software reproducing loan for $96,300 was given to a Texas entrepreneur in 2003. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Arlington, Texas was able to borrow $96,300 from Worth National Bank. The SBA made the loan possible by guaranteeing $81,855 of this Texas small business loan. SBA Loan Borrower COMPANY TYPE: SOFTWARE REPRODUCING SBA Loan Lender WORTH NATIONAL BANK This lender issued this particular business 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. NAICS Code 334611 - Software Reproducing Loan Approval Date 2/24/2003 Loan Approval Gross Amount $96,300 Loan Approval from the SBA Of the total $96,300 loan amount, the SBA guaranteed $81,855. 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 5 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. While you may be able to borrow money from friends and family, 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: Obtaining Funding - Getting Venture Capital Best Banks in Fort Worth, Texas
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