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May 18, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Idalou, Business Loans > Security Bank Idalou Business Loans > Farm Machinery And Equipment Loan | ||||
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Texas Small Business SBA Loans
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Texas Bank Loan Issued to Farm Machinery And Equipment CompanyLooking to get a Texas business loan? This Texas entrepreneur got a business loan, provided by a Texas bank that works with the SBA to help small business owners. Getting a small business loan in Idalou, Texas was a top priority for this SBA-financed company back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Security Bank. Here are the details on this Texas small business loan. SBA Loan Borrower COMPANY TYPE: FARM MACHINERY AND EQUIPMENT SBA Loan Lender SECURITY BANK This SBA 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. SIC Code 3523 - Farm Machinery and Equipment NAICS Code 333111 - Farm Machinery and Equipment Manufacturing Loan Approval Date 4/30/2001 Loan Approval Gross Amount $13,687 Loan Approval from the SBA Of the total $13,687 loan amount, the SBA guaranteed $12,318. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 17 employees. This SBA loan request did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: The Friends and Family Network
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