Entrepreneur Works With Granbury, Texas Bank to Get an SBA Loan

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

Applying for an SBA loan with Community Bank worked out well for our friends at one local company in Haltom City, Texas. The business was able to get an SBA loan for $751,616. Sweet!

SBA Loan Borrower

COMPANY TYPE: GENERAL MERCHANDISE STORES
HALTOM CITY, TX 76137

SBA Loan Lender

COMMUNITY BANK
500 S MORGAN ST
GRANBURY, TX 76048

This lender provides SBA 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

452990 - General Merchandise Stores

Loan Approval Date

6/23/2004

Loan Approval Gross Amount

$751,616

Loan Approval from the SBA

Of the total $751,616 loan amount, the SBA guaranteed $563,712.

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 only one employee. This SBA loan request indicated that the loan would help generate 7 new jobs and retain 1 existing job.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $751,616 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Obtaining Funding - How to Borrow Money

SBA Approved Banks in Granbury, Texas

Texas SBA 7A Banks