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May 4, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Houston, Business Loans > Omnibank, National Association Houston Business Loans > Drinking Places Loan | ||||
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Omnibank, National Association
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SBA Loan from Omnibank, National Association Helps Drinking Places CompanyAn SBA loan from Omnibank, National Association typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Cypress, Texas business owner got a $128,200 loan. Getting a small business loan in Cypress, Texas was an essential business goal for this company back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Omnibank, National Association, operating out of Houston, Texas. Here are the details on this Texas small business loan. SBA Loan Borrower COMPANY TYPE: DRINKING PLACES SBA Loan Lender OMNIBANK, NATIONAL ASSOCIATION This lender issued this business loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722410 - Drinking Places Loan Approval Date 5/22/2006 Loan Approval Gross Amount $128,200 Loan Approval from the SBA Of the total $128,200 loan amount, the SBA guaranteed $108,970. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 7 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you need business start up money in Cypress TX, you ought to talk with a local Cypress SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Cypress businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Omnibank, National Association had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Omnibank, National Association made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Small Bank Loans in Houston, Texas
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