Commercial Loans for Health and Personal Care Stores

With these commercial loans for health and personal care stores, the SBA guarantees the lender that the loan will be repaid. This health and personal care stores loan for $431,500 was given to a Texas entrepreneur in 2003.

Getting a small business loan in Austin, Texas was important for Morning Star Trading Company, back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Prosperity Bank, operating out of La Grange, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

MORNING STAR TRADING COMPANY,
1117 W. 5TH STREET
AUSTIN, TX 78703

SBA Loan Lender

PROSPERITY BANK
202 W COLORADO
LA GRANGE, TX 78945

This commercial loan was granted by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a comprehensive analysis of the loan application and, in return, SBA delivers a quick answer on whether the loan qualifies.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5047 - Medical, Dental and Hospital Equipment and Supplie

NAICS Code

446199 - All Other Health and Personal Care Stores

Loan Approval Date

10/2/2003

Loan Approval Gross Amount

$431,500

Loan Approval from the SBA

Of the total $431,500 loan amount, the SBA guaranteed $323,625.

More Information on This SBA Loan

The borrower, Morning Star Trading Company,, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. The loan application did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees. This loan was paid in full, and was closed out on 1/29/2007.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

If Morning Star Trading Company, can get an SBA loan, there's no reason you can't get an SBA loan too. The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

Related Links:

504 Loans

Where to Get an SBA Loan in La Grange, Texas

Texas SBA Banks

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