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| Entrepreneur Resources | Wells Fargo Bank Austin Business Loans | ||||
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Best Banks for Benbrook Small Businesses
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Offices of Chiropractors Small Business LoansLooking for small business loans for offices of chiropractors? The SBA may be the answer. This $55,000 offices of chiropractors loan was issued by a Texas bank.
Barringer Chiropractic Healthc knew how to go about getting a business bank loan. Based in Benbrook, Texas, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Wells Fargo Bank, based in Austin, Texas. SBA Loan Borrower BARRINGER CHIROPRACTIC HEALTHC SBA Loan Lender WELLS FARGO BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 621310 - Offices of Chiropractors Loan Approval Date 4/25/2002 Loan Approval Gross Amount $55,000 Loan Approval from the SBA Of the total $55,000 loan amount, the SBA guaranteed $46,750. More Information on This SBA Loan The borrower, Barringer Chiropractic Healthc, borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. This SBA loan request indicated that the funding would help generate 1 new job. Start the Process for Getting an SBA Loan Today! If you are wondering how to raise money for a company in Benbrook TX, you ought to talk with a local Benbrook SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Benbrook businesses. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Best Banks for Small Business in Austin, Texas Getting a Business Loan in 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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