General Warehousing and Storage Business Loans
With these business loans for general warehousing and storage, the SBA guarantees the lender that the loan will be repaid. This general warehousing and storage loan for $500,000 was given to a Texas entrepreneur in 2004.
This small business knew how to go about getting a business bank loan. Based in Irving, Texas, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Plainscapital Bank, based in Lubbock, Texas.
SBA Loan Borrower
COMPANY TYPE: GENERAL WAREHOUSING AND STORAGE
IRVING, TX 75039
SBA Loan Lender
5010 UNIVERSITY AVE
LUBBOCK, TX 79413
This small business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
493110 - General Warehousing and Storage
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $500,000 loan amount, the SBA guaranteed $250,000.
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 40 employees. The loan application indicated that the loan would help generate 5 new jobs and retain 40 existing jobs.
Start the Process for Getting an SBA Loan Today!
If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great way to raise money
This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.
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.
Banking Deregulation's Effects on Entrepreneurship
SBA Banks in Lubbock, Texas
Getting an SBA Loan in Texas