Loan Census Banking News and Information
February 1, 2023  
  Business Loan Information  

Buffalo Gap Small Business Loans from American State Bank


Loan Census SBA Loan Info

SBA Loan from American State Bank Helps Specialty Outpatient Facilities Company

American State Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Texas entrepreneur who tapped into the power of SBA loans.

Getting a small business loan in Buffalo Gap, Texas was an essential business goal for this company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from American State Bank, operating out of Abilene, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower


SBA Loan Lender


This loan was issued under the SBA's Certified Lenders Program (CLP), which means that the lender has a successful SBA lending background and are well trained in SBA loan requirements.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8093 - Specialty Outpatient Facilities


621420 - Outpatient Mental Health and Substance Abuse Centers

Loan Approval Date


Loan Approval Gross Amount


Loan Approval from the SBA

Of the total $540,000 loan amount, the SBA guaranteed $405,000.

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 24 employees. The loan application did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

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 $540,000 loan. Remember, you control your own destiny.

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 news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. 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.

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