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May 14, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Jackson, Business Loans > Trustmark National Bank Jackson Business Loans > Drinking Places Loan | ||||
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How to Get a Small Business Loan in Katy, Texas
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Katy, Texas Entrepreneur Gets a Bank LoanLooking to get a Texas small business loan? This Texas entrepreneur got a small business loan, provided by a Mississippi bank that works with the SBA to help small business owners. Getting a small business loan in Katy, Texas was a top priority for this small company back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Trustmark National Bank. Here are the details on this Texas small business loan. SBA Loan Borrower COMPANY TYPE: DRINKING PLACES SBA Loan Lender TRUSTMARK NATIONAL BANK 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 722410 - Drinking Places Loan Approval Date 11/21/2006 Loan Approval Gross Amount $270,500 Loan Approval from the SBA Of the total $270,500 loan amount, the SBA guaranteed $202,875. 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 only one employee. The SBA loan application for the borrower indicated that the loan would help generate 8 new jobs and retain 8 existing jobs. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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: Where to Get an SBA Loan in Jackson, Mississippi Where to Get an SBA Loan Mississippi
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