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| Entrepreneur Resources | Southwest Bank Fort Worth Business Loans | ||||
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Small Business Banks That Lend to Texas Entrepreneurs
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Pedro's Trees Gets a Texas SBA LoanBank loans in Texas are hard to find these days. We take a look at one Texas bank loan, provided by a Texas bank, that was approved by the SBA.
You can learn something about getting a small business loan in Austin, Texas by studying this loan to Pedro's Trees, made back in 2002. Banks like Southwest Bank may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower PEDRO'S TREES SBA Loan Lender SOUTHWEST BANK This lender provides SBA business 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 444220 - Nursery and Garden Centers Loan Approval Date 3/19/2002 Loan Approval Gross Amount $135,000 Loan Approval from the SBA Of the total $135,000 loan amount, the SBA guaranteed $114,750. More Information on This SBA Loan The borrower, Pedro's Trees, borrowed this money for an existing business. The SBA's record indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 11 employees. The loan application indicated that the loan would help generate 5 new jobs and retain 11 existing jobs. This loan was paid in full, and was closed out on 7/31/2007. Great, But How Can I Get an SBA Loan for My Business? For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. If Pedro's Trees 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: Banking Deregulation's Effects on Entrepreneurship Find an SBA Lender in Fort Worth, Texas If you are an ambitious entrepreneur or an aspiring executive looking to get involved with a startup, please take the time to learn more about Gaebler Ventures.
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