SBA Loan from First United Bank Helps Tires And Tubes Company

First United Bank 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 First United Bank, out of Seagraves, Texas. The loan was granted and they received $766,875 to help grow their Denver City, Texas business.

SBA Loan Borrower

COMPANY TYPE: TIRES AND TUBES
DENVER CITY, TX 79323

SBA Loan Lender

FIRST UNITED BANK
106 MAIN ST
SEAGRAVES, TX 79359

This SBA bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5014 - Tires and Tubes

NAICS Code

441320 - Tire Dealers

Loan Approval Date

3/13/2002

Loan Approval Gross Amount

$766,875

Loan Approval from the SBA

Of the total $766,875 loan amount, the SBA guaranteed $575,156.

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 10 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need business start up money in Denver City TX, you ought to talk with a local Denver City SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Denver City businesses.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from First United Bank 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:

The Friends and Family Network

Best Banks for Small Business in Seagraves, Texas

SBA Lenders in Texas