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May 17, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Stephenville, Business Loans > Texas Bank Stephenville Business Loans > Scrap And Waste Materials Loan | ||||
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Small Business Banks for Stephenville Small Business Owners
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Raising Money for Recyclable Material WholesalersWith these bank loans for recyclable material wholesalers, the SBA guarantees the lender that the loan will be repaid. This recyclable material wholesalers loan for $210,000 was given to a Texas entrepreneur in 2001. This small firm knew how to go about getting a business bank loan. Based in Stephenville, Texas, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Texas Bank, based in Stephenville, Texas. SBA Loan Borrower COMPANY TYPE: SCRAP AND WASTE MATERIALS SBA Loan Lender TEXAS BANK This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5093 - Scrap and Waste Materials NAICS Code 421930 - Recyclable Material Wholesalers Loan Approval Date 9/12/2001 Loan Approval Gross Amount $210,000 Loan Approval from the SBA Of the total $210,000 loan amount, the SBA guaranteed $157,500. 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 7 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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 7A Lenders in Stephenville, Texas
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