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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 > Amer National Bank - Texas Fort Worth Business Loans > Transportation Equipment And Supplies Loan | ||||
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Texas Bank SBA Loans
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Amer National Bank - Texas SBA Loan to Transportation Equipment And Supplies CompanyLooking to get a Texas small business loan? Here's one Texas business loan that was approved by the SBA. This up and coming company knew how to go about getting a business bank loan. Based in Arlington, Texas, they applied for and were given an SBA-guaranteed loan in 2004. The lending bank was Amer National Bank - Texas, based in Fort Worth, Texas. SBA Loan Borrower COMPANY TYPE: TRANSPORTATION EQUIPMENT AND SUPPLIES SBA Loan Lender AMER NATIONAL BANK - TEXAS The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide 7A business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5088 - Transportation Equipment and Supplies NAICS Code Loan Approval Date 1/26/2004 Loan Approval Gross Amount $231,245 Loan Approval from the SBA Of the total $231,245 loan amount, the SBA guaranteed $173,434. 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 10 employees. The loan application did not indicate that the company promised to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Small Business Banks in Fort Worth, Texas
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