Loan Census Banking News and Information
April 25, 2024  
 
 
  Business Loan Information  
 

Banks in Garland, Texas That Make SBA Loans

 

 
Loan Census SBA Loan Info

Garland, Texas Lender Lends Money to Beer, Wine, And Liquor Stores Company

Want to talk with a Garland, Texas bank about a business loan? Here's one Texas business loan, issued by a Garland bank, that was approved by the SBA.

Applying for an SBA loan with United Central Bank worked out well for our friends at one local company in Grand Prairie, Texas. The business was able to get an SBA loan for $720,000. Great job!

SBA Loan Borrower

COMPANY TYPE: BEER, WINE, AND LIQUOR STORES
GRAND PRAIRIE, TX 75051

SBA Loan Lender

UNITED CENTRAL BANK
4555 W WALNUT ST
GARLAND, TX 75042

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445310 - Beer, Wine, and Liquor Stores

Loan Approval Date

9/25/2003

Loan Approval Gross Amount

$720,000

Loan Approval from the SBA

Of the total $720,000 loan amount, the SBA guaranteed $540,000.

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 2 employees. The SBA loan application for the borrower indicated that the loan would help retain 2 existing jobs.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

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 Central Bank 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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