El Paso, Texas Bank Gives SBA Loan to Mortgage Bankers And Loan Correspondents Company
An El Paso, Texas SBA loan can be yours. Learn how a business got a $30,000 business loan from this Texas bank.
This loan to a local firm is a good example of an SBA loan. United Bank - El Paso Del Norte made the loan and the SBA guaranteed a portion of the loan. Many other Texas entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.
SBA Loan Borrower
COMPANY TYPE: MORTGAGE BANKERS AND LOAN CORRESPONDENTS
EL PASO, TX 79912
SBA Loan Lender
UNITED BANK - EL PASO DEL NORTE
125 MESA HILLS DR
EL PASO, TX 79912
The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide loans to to our country's hard-working small business owners.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
6162 - Mortgage Bankers and Loan Correspondents
NAICS Code
522310 - Mortgage and Nonmortgage Loan Brokers
Loan Approval Date
5/7/2002
Loan Approval Gross Amount
$30,000
Loan Approval from the SBA
Of the total $30,000 loan amount, the SBA guaranteed $25,500.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 5 employees. The SBA loan documents did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.
Next Steps for Getting an SBA Loan
If you are wondering how to raise money for a business in El Paso TX, you ought to talk with a local El Paso SBA lender or talk with an out-of-area SBA lender that has previously loaned money to El Paso businesses.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like United Bank - El Paso Del Norte and they will explain how you can get an SBA loan for your company.
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.
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SBA 7A Lenders in El Paso, Texas
SBA Lenders in Texas