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May 8, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Coahoma, Business Loans > First Bank Of West Texas Coahoma Business Loans > Florists Loan | ||||
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Coahoma, Texas Bank for SBA Loans
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Coahoma, Texas Bank Lends Money to Florists Company in Big Spring, TexasThinking about meeting with a Coahoma, Texas bank about a small business loan? Here's one Texas business loan, issued by a Coahoma bank, that was approved by the SBA. Applying for an SBA loan with First Bank Of West Texas worked out well for our friends at one local firm in Big Spring, Texas. The business was able to get an SBA loan for $95,000. Nice! SBA Loan Borrower COMPANY TYPE: FLORISTS SBA Loan Lender FIRST BANK OF WEST TEXAS This bank 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 5992 - Florists NAICS Code 453110 - Florists Loan Approval Date 1/31/2002 Loan Approval Gross Amount $95,000 Loan Approval from the SBA Of the total $95,000 loan amount, the SBA guaranteed $80,750. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the small business promised to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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 - How to Decide How Much to Raise Small Bank Loans in Coahoma, Texas
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