SBA Loan from Lone Star National Bank Helps Knit Outerwear Mills Company

An SBA loan from Lone Star National Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Pharr, Texas business owner got a $500,000 loan.

This growing company knew how to go about getting a business bank loan. Based in Pharr, Texas, they applied for and received an SBA-guaranteed loan in 2000. The lending bank was Lone Star National Bank, based in Pharr, Texas.

SBA Loan Borrower

COMPANY TYPE: KNIT OUTERWEAR MILLS
PHARR, TX 78577

SBA Loan Lender

LONE STAR NATIONAL BANK
100 W FERGUSON
PHARR, TX 78577

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business 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.

SIC Code

2253 - Knit Outerwear Mills

Loan Approval Date

5/30/2000

Loan Approval Gross Amount

$500,000

Loan Approval from the SBA

Of the total $500,000 loan amount, the SBA guaranteed $375,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 125 employees. The loan application indicated that the loan would help generate 47 new jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great way to raise money

We can help you find the best banks for small businesses in Pharr 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.

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