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May 19, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > De Kalb, Business Loans > State Bank Of De Kalb De Kalb Business Loans > Business Services Loan | ||||
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Texas SBA Lenders
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De Kalb, Texas Lender Lends Money to Business Services CompanyFind De Kalb, Texas banks that specialize in small business loans and know how to work with entrepreneurs. State Bank Of De Kalb is one such bank, as evidenced by this SBA loan to one business. Finding a small business loan in De Kalb, Texas starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from State Bank Of De Kalb. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: BUSINESS SERVICES SBA Loan Lender STATE BANK OF DE KALB 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. SIC Code 7389 - Business Services NAICS Code 422910 - Farm Supplies Wholesalers Loan Approval Date 3/6/2001 Loan Approval Gross Amount $125,000 Loan Approval from the SBA Of the total $125,000 loan amount, the SBA guaranteed $106,250. More Information on This SBA Loan The borrower borrowed this money for an existing 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 4 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Find an SBA Lender in De Kalb, Texas
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