Dallas, Texas Bank Gives SBA Loan to Physical, Occupational And Speech Therapists, And Audiologists Company
Get to know Dallas, Texas banks that specialize in business loans and know how to work with entrepreneurs. Bank - Texas is one such bank, as evidenced by this SBA loan to a growing company.
Finding a small business loan in Garland, Texas starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from Bank - Texas. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.
SBA Loan Borrower
COMPANY TYPE: PHYSICAL, OCCUPATIONAL AND SPEECH THERAPISTS, AND AUDIOLOGISTS
GARLAND, TX 75042
SBA Loan Lender
BANK - TEXAS
5956 SHERRY LN, STE 1100
DALLAS, TX 75225
This was a Low Documentation SBA loan. The SBA created this program to limit the paperwork associated with getting a loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.
SBA Loan Program Type
This loan was issued as a general business loan.
621340 - Physical, Occupational and Speech Therapists, and Audiologists
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $147,000 loan amount, the SBA guaranteed $124,950.
More Information on This SBA Loan
The borrower borrowed this money for a new 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 15 employees. The SBA loan documents did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.
Next Steps for Getting an SBA Loan
Many small businesses receive loans backed by the U.S. Small Business Administration.
While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.
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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