Getting an SBA Loan for Floor Laying and Floor Contractors
Looking for commercial loans for floor laying and floor contractors? The SBA may be the answer. This $350,000 floor laying and floor contractors loan was issued by a Texas bank.
This small business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Snb Mcmullen Bank A Division -, out of Tilden, Texas. The loan was granted and they received $350,000 to help grow their San Antonio, Texas business.
SBA Loan Borrower
COMPANY TYPE: FLOOR LAYING AND OTHER FLOOR WORK
SAN ANTONIO, TX 78219
SBA Loan Lender
SNB MCMULLEN BANK A DIVISION -
205 ELM ST
TILDEN, TX 78072
This lender issued this commercial loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
1752 - Floor Laying and Other Floor Work
NAICS Code
235520 - Floor Laying and Floor Contractors
Loan Approval Date
1/9/2003
Loan Approval Gross Amount
$350,000
Loan Approval from the SBA
Of the total $350,000 loan amount, the SBA guaranteed $262,500.
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 5 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.
We can help you find the best banks for small businesses in San Antonio 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.
Related Links:
Small Business Loan
SBA Approved Banks in Tilden, Texas
Find an SBA Lender in Texas