Where to Get Capital for Personal Care Services
With these SBA loans for personal care services, the SBA guarantees the lender that the loan will be repaid. This personal care services loan for $133,000 was given to a Texas entrepreneur in 2000.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Petersburg, Texas was able to borrow $133,000 from First State Bank. The SBA made the loan possible by guaranteeing $99,750 of this Texas small business loan.
SBA Loan Borrower
COMPANY TYPE: PERSONAL SERVICES
PETERSBURG, TX 79250
SBA Loan Lender
FIRST STATE BANK
402 9TH ST
ABERNATHY, TX 79311
The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide loans to to entrepreneurs who might have trouble getting a conventional bank loan.
SBA Loan Program Type
This loan was issued as a general business loan.
7299 - Personal Services
812199 - Personal Care Services
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $133,000 loan amount, the SBA guaranteed $99,750.
More Information on This SBA Loan
The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had only one employee. This SBA loan request did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
We've showcased information on this loan to let you know that businesses like yours 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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