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May 18, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Granbury, Business Loans > Community Bank Granbury Business Loans > Electronic Capacitor Manufacturing Loan | ||||
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Community Bank
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Community Bank SBA Loan to Electronic Capacitor Manufacturing CompanyCommunity Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Texas entrepreneur who tapped into the power of SBA loans. This small firm knew how to go about getting a business bank loan. Based in Richardson, Texas, they applied for and received an SBA-guaranteed loan in 2002. The lending bank was Community Bank, based in Granbury, Texas. SBA Loan Borrower COMPANY TYPE: ELECTRONIC CAPACITOR MANUFACTURING SBA Loan Lender COMMUNITY BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 334414 - Electronic Capacitor Manufacturing Loan Approval Date 11/21/2002 Loan Approval Gross Amount $573,400 Loan Approval from the SBA Of the total $573,400 loan amount, the SBA guaranteed $430,050. 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 15 employees. The loan application indicated that the loan would help retain 15 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you need business start up money in Richardson TX, you ought to talk with a local Richardson SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Richardson businesses. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Community Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Best Banks for Small Business in Granbury, Texas
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