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May 6, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Quanah, Business Loans > First National Bank In Quanah Quanah Business Loans > Used Merchandise Stores Loan | ||||
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Quanah, Texas Bank Loan
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Business Loans for Used Merchandise StoresLooking for business loans for used merchandise stores? The SBA may be the answer. This $25,200 used merchandise stores loan was issued by a Texas bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Quanah, Texas was able to borrow $25,200 from First National Bank In Quanah. The SBA made the loan possible by guaranteeing $21,420 of this Texas small business loan. SBA Loan Borrower COMPANY TYPE: USED MERCHANDISE STORES SBA Loan Lender FIRST NATIONAL BANK IN QUANAH This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 453310 - Used Merchandise Stores Loan Approval Date 7/9/2004 Loan Approval Gross Amount $25,200 Loan Approval from the SBA Of the total $25,200 loan amount, the SBA guaranteed $21,420. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the company promised to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. This SBA loan was for $25,200. How would you spend $25,200 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: How Much Venture Capital Is There?
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