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January 29, 2023  
 
 
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Citizens Bank

 

 
Loan Census SBA Loan Info

Tye, Texas Business Gets SBA-Guaranteed Funding from Citizens Bank

Citizens Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a Texas entrepreneur was able to get a loan to take a small business to the next level.

This business knew how to go about getting a business bank loan. Based in Tye, Texas, they applied for and received an SBA-guaranteed loan in 2007. The lending bank was Citizens Bank, based in Abilene, Texas.

SBA Loan Borrower

COMPANY TYPE: SOLID WASTE COLLECTION
TYE, TX 79563

SBA Loan Lender

CITIZENS BANK
4201 S TREADAWAY BLVD
ABILENE, TX 79602

This loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

562111 - Solid Waste Collection

Loan Approval Date

11/30/2007

Loan Approval Gross Amount

$173,300

Loan Approval from the SBA

Of the total $173,300 loan amount, the SBA guaranteed $86,650.

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 19 employees. The SBA loan application for the borrower indicated that the loan would help retain 19 existing jobs.

Getting an SBA Loan For Your 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.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Citizens Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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.

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