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March 28, 2024  
 
 
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Mcallen, Texas Bank Lends Money to Convention And Visitors Bureaus Company in Harlingen, Texas

Find Mcallen, Texas banks that specialize in small business loans and know how to work with entrepreneurs. Border Cap. Bank is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Harlingen, Texas starts with an understanding of who else has gotten loans in the area. In this case, a small company received funding from Border Cap. Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: CONVENTION AND VISITORS BUREAUS
HARLINGEN, TX 78550

SBA Loan Lender

BORDER CAP. BANK
1801 S MCCOLL RD
MCALLEN, TX 78503

This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561591 - Convention and Visitors Bureaus

Loan Approval Date

12/15/2006

Loan Approval Gross Amount

$825,000

Loan Approval from the SBA

Of the total $825,000 loan amount, the SBA guaranteed $618,750.

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 24 employees. The loan application did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need money to start a small business or need money to grow a business, an SBA loan can be a great funding source

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:

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SBA Participating Banks in Mcallen, Texas

Texas SBA Bank Lenders