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May 14, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Richmond, Business Loans > Business Loan Center, LLC Richmond Business Loans > Fish And Seafoods Loan | ||||
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How to Get SBA Loans in Port Arthur, Texas
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Where to Get Capital for Fish and Seafood WholesalersWith these SBA loans for fish and seafood wholesalers, the SBA guarantees the lender that the loan will be repaid. This fish and seafood wholesalers loan for $685,000 was given to a Texas entrepreneur in 2000. This business knew how to go about getting a business bank loan. Based in Port Arthur, Texas, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Business Loan Center, LLC, based in Richmond, Virginia. SBA Loan Borrower COMPANY TYPE: FISH AND SEAFOODS SBA Loan Lender BUSINESS LOAN CENTER, LLC At the time this loan was granted, the lender participated in the SBA's Certified Lenders Program (CLP). This program was created to give quick service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5146 - Fish and Seafoods NAICS Code 422460 - Fish and Seafood Wholesalers Loan Approval Date 7/31/2000 Loan Approval Gross Amount $685,000 Loan Approval from the SBA Of the total $685,000 loan amount, the SBA guaranteed $513,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 22 employees. The loan application did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. 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 $685,000 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: Banking Deregulation's Effects on Entrepreneurship Small Business Banks in Richmond, Virginia
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