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May 18, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Granbury, Business Loans > Community Bank Granbury Business Loans > Sporting And Athletic Goods Manufacturing Loan | ||||
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Community Bank
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Community Bank SBA Loan to Sporting And Athletic Goods Manufacturing CompanyCommunity Bank 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. Getting a small business loan in Granbury, Texas was an essential business goal for this firm back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Community Bank, operating out of Granbury, Texas. Here are the details on this Texas small business loan. SBA Loan Borrower COMPANY TYPE: SPORTING AND ATHLETIC GOODS MANUFACTURING SBA Loan Lender COMMUNITY BANK This lender provides SBA guaranteed bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 339920 - Sporting and Athletic Goods Manufacturing Loan Approval Date 8/13/2004 Loan Approval Gross Amount $40,000 Loan Approval from the SBA Of the total $40,000 loan amount, the SBA guaranteed $34,000. 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 2 employees. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 2 existing jobs. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Community Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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 Banks in Granbury, Texas
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