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| Entrepreneur Resources | American Bank Of Commerce Wolfforth Business Loans | ||||
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Wolfforth, Texas SBA Banks
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Wolfforth, Texas Bank Gives SBA Loan to Safety Solutions IncA Wolfforth, Texas small business loan can be yours. Learn how Safety Solutions Inc got a $150,000 business loan from this Texas bank.
This loan to Safety Solutions Inc is a good example of an SBA loan. American Bank Of Commerce made the loan and the SBA guaranteed a portion of the loan. Many other Texas entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower SAFETY SOLUTIONS INC SBA Loan Lender AMERICAN BANK OF COMMERCE This commercial 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 541690 - Other Scientific and Technical Consulting Services Loan Approval Date 1/16/2004 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $75,000. More Information on This SBA Loan The borrower, Safety Solutions Inc, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 2 existing jobs. This loan was paid in full, and was closed out on 4/26/2005. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like Safety Solutions Inc did when it applied for and received this $150,000 loan. Remember, you control your own destiny. About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: 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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