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May 4, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Lubbock, Business Loans > American Bank Of Commerce Lubbock Business Loans > Eating Places Loan | ||||
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Lubbock, Texas Bank for SBA Loans
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Loans for Limited-Service RestaurantsLooking for loans for limited-service restaurants? Try the SBA. This $628,500 limited-service restaurants loan was issued by a Texas bank. This small firm received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with American Bank Of Commerce, out of Lubbock, Texas. The loan was granted and they received $628,500 to help grow their Lubbock, Texas business. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender AMERICAN BANK OF COMMERCE The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 12/18/2001 Loan Approval Gross Amount $628,500 Loan Approval from the SBA Of the total $628,500 loan amount, the SBA guaranteed $471,375. 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. This SBA loan request did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like American Bank Of Commerce and they will explain how you can get an SBA loan for your company. 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:
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