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April 20, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Lufkin, Business Loans > Commercial Bank Of Texas Lufkin Business Loans > Beauty Shops Loan | ||||
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Texas SBA Lenders
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Lufkin, Texas Bank Gives SBA Loan to Beauty Shops CompanyFind Lufkin, Texas banks that specialize in SBA loans and know how to work with entrepreneurs. Commercial Bank Of Texas is one such bank, as evidenced by this SBA loan to one business. Finding a small business loan in Huntington, Texas starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from Commercial Bank Of Texas. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: BEAUTY SHOPS SBA Loan Lender COMMERCIAL BANK OF TEXAS This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7231 - Beauty Shops NAICS Code 812112 - Beauty Salons Loan Approval Date 8/17/2000 Loan Approval Gross Amount $7,900 Loan Approval from the SBA Of the total $7,900 loan amount, the SBA guaranteed $6,320. More Information on This SBA Loan The borrower borrowed this money for an existing 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 only one employee. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your Business If you need money to start a business or need money to grow a business, an SBA loan can be a great funding source The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Commercial Bank Of Texas had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Commercial Bank Of Texas made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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 Bank Loans in Lufkin, Texas
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