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May 3, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Tyler, Business Loans > Southside Bank Tyler Business Loans > Direct Mail Advertising Loan | ||||
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Tyler, Texas SBA Lenders
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Entrepreneur Works With Tyler, Texas Bank to Get an SBA LoanWant to talk with a Tyler, Texas bank about an SBA loan? Here's one Texas business loan, issued by a Tyler bank, that was approved by the SBA. Applying for an SBA loan with Southside Bank worked out well for our friends at one local firm in Tyler, Texas. They received an SBA loan for $80,200. Awesome! SBA Loan Borrower COMPANY TYPE: DIRECT MAIL ADVERTISING SBA Loan Lender SOUTHSIDE BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 541860 - Direct Mail Advertising Loan Approval Date 7/24/2001 Loan Approval Gross Amount $80,200 Loan Approval from the SBA Of the total $80,200 loan amount, the SBA guaranteed $68,170. 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 7 employees. The loan application did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan 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. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Small Bank Loans in Tyler, Texas
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