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May 9, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Krum, Business Loans > First United Bank & Trust Krum Business Loans > Personal Care Services Loan | ||||
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SBA Lenders Texas
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Krum, Texas Bank Lends Money to Personal Care Services Company in Sanger, TexasWant to talk with a Krum, Texas bank about a small business loan? Here's one Texas business loan, issued by a Krum bank, that was approved by the SBA. Applying for an SBA loan with First United Bank & Trust worked out well for our friends at one local business in Sanger, Texas. They received an SBA loan for $110,500. Sweet! SBA Loan Borrower COMPANY TYPE: PERSONAL CARE SERVICES SBA Loan Lender FIRST UNITED BANK & TRUST This lender issued this particular 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. NAICS Code 812199 - Personal Care Services Loan Approval Date 6/10/2004 Loan Approval Gross Amount $110,500 Loan Approval from the SBA Of the total $110,500 loan amount, the SBA guaranteed $93,925. More Information on This SBA Loan The borrower borrowed this money for a new 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 3 employees. The SBA loan application for the borrower did not indicate that the business 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 apply for a loan directly with the SBA. You need to 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. This SBA loan was for $110,500. How would you spend $110,500 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: Advice on Getting a Small Business Loan Best Krum, Texas Banks for Small Business
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