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April 19, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Eagle Pass, Business Loans > International Bank Of Commerce Eagle Pass Business Loans > Child Day Care Services Loan | ||||
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Texas SBA 7A Lenders
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Eagle Pass, Texas Bank Gives SBA Loan to Child Day Care Services CompanyThinking about meeting with an Eagle Pass, Texas bank about a business loan? Here's one Texas business loan, issued by an Eagle Pass bank, that was approved by the SBA. Applying for an SBA loan with International Bank Of Commerce worked out well for our friends at one local business in Helotes, Texas. They got an SBA loan for $162,000. Sweet! SBA Loan Borrower COMPANY TYPE: CHILD DAY CARE SERVICES SBA Loan Lender INTERNATIONAL BANK OF COMMERCE 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 624410 - Child Day Care Services Loan Approval Date 3/28/2001 Loan Approval Gross Amount $162,000 Loan Approval from the SBA Of the total $162,000 loan amount, the SBA guaranteed $121,500. 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 6 employees. The SBA loan documents indicated that the funding would help create 12 new jobs. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. 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 $162,000 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: SBA 7A Banks in Eagle Pass, Texas
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