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May 5, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Irving, Business Loans > Citicapital Small Business Finance Irving Business Loans > Sporting And Recreational Goods And Supplies Loan | ||||
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Small Business Banks for Business Owners in Texas
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Citicapital Small Business Finance Gives Business Loan to Sporting And Recreational Goods And Supplies CompanyWant a Texas SBA loan? This Texas entrepreneur got an SBA loan, provided by a Texas bank that works with the SBA to help small business owners. You can learn something about getting a small business loan in San Antonio, Texas by studying this loan to a local business, made back in 2000. Banks like Citicapital Small Business Finance may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: SPORTING AND RECREATIONAL GOODS AND SUPPLIES SBA Loan Lender CITICAPITAL SMALL BUSINESS FINANCE Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5091 - Sporting and Recreational Goods and Supplies NAICS Code 421910 - Sporting and Recreational Goods and Supplies Wholesalers Loan Approval Date 1/11/2000 Loan Approval Gross Amount $985,000 Loan Approval from the SBA Of the total $985,000 loan amount, the SBA guaranteed $738,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 21 employees. The loan application indicated that the loan would help generate 19 new jobs and retain 40 existing jobs. Next Steps for Getting an SBA Loan If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great source of funding. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $985,000 loan. Remember, things become real when you believe you can achieve them! 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: Accountant's Role in Securing Financing Where to Get an SBA Loan in Irving, Texas
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