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April 28, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Dallas, Business Loans > Prosperity Bank Dallas Business Loans > Air-Conditioning, Refrigeration And Heating Loan | ||||
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Texas Bank SBA Loans
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Prosperity Bank SBA Loan to Air-Conditioning, Refrigeration And Heating CompanyWant a Texas small business loan? Here's one Texas business loan that was approved by the SBA. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Red Oak, Texas was able to borrow $88,800 from Prosperity Bank. The SBA made the loan possible by guaranteeing $71,040 of this Texas small business loan. SBA Loan Borrower COMPANY TYPE: AIR-CONDITIONING, REFRIGERATION AND HEATING SBA Loan Lender PROSPERITY BANK This lender issued this particular SBA bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3585 - Air-Conditioning, Refrigeration and Heating Loan Approval Date 9/1/2000 Loan Approval Gross Amount $88,800 Loan Approval from the SBA Of the total $88,800 loan amount, the SBA guaranteed $71,040. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 7 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. 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 $88,800 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: SBA Participating Banks in Dallas, Texas SBA Participating Banks in Texas
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