Friona, Texas Bank Gives SBA Loan to Video Tape Rental Company

Thinking about meeting with a Friona, Texas bank about an SBA loan? Here's one Texas business loan, issued by a Friona bank, that was approved by the SBA.

Applying for an SBA loan with Friona St. Bank worked out well for our friends at one local company in Friona, Texas. The business was able to get an SBA loan for $83,000. Nice!

SBA Loan Borrower

COMPANY TYPE: VIDEO TAPE RENTAL
FRIONA, TX 79035

SBA Loan Lender

FRIONA ST. BANK
1105 N CLEVELAND AVE
FRIONA, TX 79035

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7841 - Video Tape Rental

NAICS Code

532230 - Video Tape and Disc Rental

Loan Approval Date

6/21/2001

Loan Approval Gross Amount

$83,000

Loan Approval from the SBA

Of the total $83,000 loan amount, the SBA guaranteed $70,550.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The SBA loan documents did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you want money for new small business in Friona TX, you ought to talk with a local Friona SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Friona businesses.

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:

Determining Proper Capital Structure for a Business

Good Banks for Small Business in Friona, Texas

Texas SBA 7A Lenders