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May 16, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > El Paso, Business Loans > United Bank - El Paso Del Norte El Paso Business Loans > Jewelry Stores Loan | ||||
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Getting a Business Loan from United Bank - El Paso Del Norte
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El Paso, Texas Business Gets SBA-Guaranteed Funding from United Bank - El Paso Del NorteUnited Bank - El Paso Del Norte and the SBA work together to get business loans for growing small businesses. Here's an example of how a Texas entrepreneur was able to get a loan to take a small business to the next level. This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with United Bank - El Paso Del Norte, out of El Paso, Texas. The loan was granted and they received $185,831 to help grow their El Paso, Texas business. SBA Loan Borrower COMPANY TYPE: JEWELRY STORES SBA Loan Lender UNITED BANK - EL PASO DEL NORTE The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 448310 - Jewelry Stores Loan Approval Date 6/17/2005 Loan Approval Gross Amount $185,831 Loan Approval from the SBA Of the total $185,831 loan amount, the SBA guaranteed $139,373. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into United Bank - El Paso Del Norte and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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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