Loan Census Banking News and Information
April 27, 2024  
 
 
  Business Loan Information  
 

Kemah, Texas Bank for SBA Loans

 

 
Loan Census SBA Loan Info

Where to Get Capital for Professional, Scientific, and Technical Services

Looking for SBA loans for professional, scientific, and technical services? The SBA may be the answer. This $1,435,000 professional, scientific, and technical services loan was issued by a California bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Kemah, Texas was able to borrow $1,435,000 from Wachovia Sba Lending, Inc.. The SBA made the loan possible by guaranteeing $749,988 of this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: PROFESSIONAL, SCIENTIFIC, AND TECHNICAL SERVICES
KEMAH, TX 77565

SBA Loan Lender

WACHOVIA SBA LENDING, INC.
1620 E. ROSEVILLE PKWY, STE 1
ROSEVILLE, CA 95661

This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541990 - Professional, Scientific, and Technical Services

Loan Approval Date

12/1/2000

Loan Approval Gross Amount

$1,435,000

Loan Approval from the SBA

Of the total $1,435,000 loan amount, the SBA guaranteed $749,988.

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 20 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 20 existing jobs.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

While you may be able to find other ways to get money to start a business, 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.

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