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May 18, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Midland, Business Loans > Security State Bank Midland Business Loans > Skilled Nursing Care Facilities Loan | ||||
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Midland SBA Loans
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Growing Company Gets a Texas Business LoanTexasBank loans are available to Texas firms through the SBA. In this case, a Texas bank provides the loan. This business, based in Midland, Texas, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Security State Bank. We've got the inside scoop on this Texas small business loan. SBA Loan Borrower COMPANY TYPE: SKILLED NURSING CARE FACILITIES SBA Loan Lender SECURITY STATE BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8051 - Skilled Nursing Care Facilities NAICS Code 623311 - Continuing Care Retirement Communities Loan Approval Date 9/30/2004 Loan Approval Gross Amount $247,000 Loan Approval from the SBA Of the total $247,000 loan amount, the SBA guaranteed $185,250. 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 6 employees. The loan application did not indicate that the business promised to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. We can help you find the best banks for small businesses in Midland or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Small Bank Loans in Midland, Texas Browse All Business Loan Sources for Texas
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