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April 28, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Odessa, Business Loans > Security State Bank Odessa Business Loans > Warehouse Clubs And Superstores Loan | ||||
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Odessa, Texas SBA 7A Banks
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Odessa, Texas Bank Gives SBA Loan to Warehouse Clubs And Superstores CompanyWant to talk with an Odessa, Texas bank about a small business loan? Here's one Texas business loan, issued by an Odessa bank, that was approved by the SBA. Applying for an SBA loan with Security State Bank worked out well for our friends at one local firm in Midland, Texas. They received an SBA loan for $36,000. Great job! SBA Loan Borrower COMPANY TYPE: WAREHOUSE CLUBS AND SUPERSTORES SBA Loan Lender SECURITY STATE BANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 452910 - Warehouse Clubs and Superstores Loan Approval Date 1/28/2003 Loan Approval Gross Amount $36,000 Loan Approval from the SBA Of the total $36,000 loan amount, the SBA guaranteed $30,600. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The loan application did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $36,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Determining Proper Capital Structure for a Business Small Bank Loans in Odessa, Texas
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