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April 28, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Garland, Business Loans > United Central Bank Garland Business Loans > Tobacco Stores Loan | ||||
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Banks in Garland, Texas That Make SBA Loans
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Garland, Texas Lender Lends Money to Tobacco Stores CompanyThinking about meeting with a Garland, Texas bank about a small business loan? Here's one Texas business loan, issued by a Garland bank, that was approved by the SBA. Applying for an SBA loan with United Central Bank worked out well for our friends at one local firm in Sugar Land, Texas. The business was able to get an SBA loan for $293,500. Nice! SBA Loan Borrower COMPANY TYPE: TOBACCO STORES SBA Loan Lender UNITED CENTRAL BANK This lender provides SBA guaranteed bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 453991 - Tobacco Stores Loan Approval Date 8/17/2007 Loan Approval Gross Amount $293,500 Loan Approval from the SBA Of the total $293,500 loan amount, the SBA guaranteed $220,125. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 4 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like United Central Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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 Garland, Texas
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