Growing Company Gets a Texas SBA Loan

Bank loans in Texas are are few and far betweeen these days. We take a look at one Texas bank loan, provided by an Ohio bank, that was approved by the SBA.

Getting a small business loan in Keller, Texas was a top priority for this loan applicant back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Ncb, Fsb. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: HARDWARE STORES
KELLER, TX 76240

SBA Loan Lender

NCB, FSB
139 S HIGH ST
HILLSBORO, OH 45133

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

444130 - Hardware Stores

Loan Approval Date

11/15/2006

Loan Approval Gross Amount

$910,000

Loan Approval from the SBA

Of the total $910,000 loan amount, the SBA guaranteed $682,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 41 employees. The SBA loan application for the borrower indicated that the loan would help generate 24 new jobs and retain 17 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Ncb, Fsb and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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.

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