Odessa, Texas Bank Lends Money to Bread, Cake, And Related Bakery Products Company in Odessa, Texas
Get to know Odessa, Texas banks that specialize in small business loans and know how to work with entrepreneurs. Southwest Bank is one such bank, as evidenced by this SBA loan to a growing company.
Finding a small business loan in Odessa, Texas starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from Southwest Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.
SBA Loan Borrower
COMPANY TYPE: BREAD, CAKE, AND RELATED BAKERY PRODUCTS
ODESSA, TX 79762
SBA Loan Lender
SOUTHWEST BANK
4800 E 42ND ST
ODESSA, TX 79762
This loan for a small business was provided by a banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan applications to the SBA get more expeditious service from the SBA on their loan applications.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
2051 - Bread, Cake, and Related Bakery Products
NAICS Code
445291 - Baked Goods Stores
Loan Approval Date
6/7/2001
Loan Approval Gross Amount
$93,500
Loan Approval from the SBA
Of the total $93,500 loan amount, the SBA guaranteed $79,475.
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 5 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
If you need money to start a small business or need money for an existing business, an SBA loan can be a great way to raise money
This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.
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:
Realistic Debt Financing Options
SBA Approved Banks in Odessa, Texas
Getting a Business Loan in Texas