Loan Census Banking News and Information
March 28, 2024  
 
 
  Business Loan Information  
 

Best Banks for Granbury, Texas Business Owners

 

 
Loan Census SBA Loan Info

Granbury, Texas Entrepreneur Gets a Business Loan

Looking to get a Texas small business loan? This Texas entrepreneur got a small business loan, provided by a New York bank that works with the SBA to help small business owners.

Getting a small business loan in Granbury, Texas was a top priority for this small company back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Business Loan Center, LLC. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: DRYCLEANING AND LAUNDRY SERVICES
GRANBURY, TX 76048

SBA Loan Lender

BUSINESS LOAN CENTER, LLC
1633 BROADWAY, 39TH FL
NEW YORK, NY 10019

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812320 - Drycleaning and Laundry Services

Loan Approval Date

10/26/2001

Loan Approval Gross Amount

$1,261,000

Loan Approval from the SBA

Of the total $1,261,000 loan amount, the SBA guaranteed $945,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 9 employees. The loan application indicated that the loan would help generate 9 new jobs and retain 9 existing jobs.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

We've showcased information on this loan to let you know that businesses like yours 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.

Related Links:

Small Business Credit Cards

Small Business Banks in New York, New York

SBA New York Banks