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May 18, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Bryan, Business Loans > Franklin Bank S.S.B. Bryan Business Loans > Insurance Agencies And Brokerages Loan | ||||
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TX Small Business Loans from Franklin Bank S.S.B.
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Business Loan from Franklin Bank S.S.B. Given to Insurance Agencies And Brokerages CompanyFranklin Bank S.S.B. has a track record as a leading provider of SBA loans. Find out how this Texas entrepreneur received an SBA loan from them. This small firm received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Franklin Bank S.S.B., out of Bryan, Texas. The loan was granted and they received $59,500 to help grow their Bryan, Texas business. SBA Loan Borrower COMPANY TYPE: INSURANCE AGENCIES AND BROKERAGES SBA Loan Lender FRANKLIN BANK S.S.B. This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 524210 - Insurance Agencies and Brokerages Loan Approval Date 7/8/2002 Loan Approval Gross Amount $59,500 Loan Approval from the SBA Of the total $59,500 loan amount, the SBA guaranteed $50,575. 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 SBA funding recipient promised to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Franklin Bank S.S.B. so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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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