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May 17, 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 > Trucking Loan | ||||
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SBA Lenders in Texas
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SBA Loan from First Bank & Tr - Memphis Helps Trucking CompanyFirst Bank & Tr - Memphis and the SBA work together to get business loans for growing small businesses. Here's an example of how a Texas entrepreneur was able to get a loan to take a small business to the next level. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Bovina, Texas was able to borrow $505,460 from First Bank & Tr - Memphis. The SBA made the loan possible by guaranteeing $379,095 of this Texas small business loan. SBA Loan Borrower COMPANY TYPE: TRUCKING SBA Loan Lender FIRST BANK & TR - MEMPHIS The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 4213 - Trucking NAICS Code 484230 - Specialized Long-Distance Freight Trucking Loan Approval Date 2/17/2005 Loan Approval Gross Amount $505,460 Loan Approval from the SBA Of the total $505,460 loan amount, the SBA guaranteed $379,095. 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 business planned to use the money to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $505,460 loan. Remember, if it to be, it is up to me! 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:
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