Loan Census Banking News and Information
April 29, 2024  
 
 
  Business Loan Information  
 

We Needed a Business Loan in Arlington, Texas and We Got One!

 

 
Loan Census SBA Loan Info

Veterinary Services Small Business Loans

With these small business loans for veterinary services, the SBA guarantees the lender that the loan will be repaid. This veterinary services loan for $303,900 was given to a Texas entrepreneur in 2001.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Arlington, Texas was able to borrow $303,900 from Wells Fargo Bank. The SBA made the loan possible by guaranteeing $227,925 of this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: VETERINARY SERVICES
ARLINGTON, TX 76017

SBA Loan Lender

WELLS FARGO BANK
912 S HWY 183
AUSTIN, TX 78741

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541940 - Veterinary Services

Loan Approval Date

7/31/2001

Loan Approval Gross Amount

$303,900

Loan Approval from the SBA

Of the total $303,900 loan amount, the SBA guaranteed $227,925.

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 5 employees. The SBA loan documents indicated that the loan would help generate 7 new jobs and retain 7 existing jobs.

Getting an SBA Loan For Your Business

If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great funding source

This SBA loan was for $303,900. How would you spend $303,900 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:

Obtaining Funding - Getting Venture Capital

SBA 7A Banks for Austin, Texas Loans

Texas SBA 7A Lenders