Plainscapital Bank SBA Loan to No Industry Type Specified Company
Searching for a Texas SBA loan? Here's one Texas business loan that was approved by the SBA.
This growing company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Plainscapital Bank, out of Lubbock, Texas. The loan was granted and they received $625,000 to help grow their Dallas, Texas business.
SBA Loan Borrower
COMPANY TYPE: NO INDUSTRY TYPE SPECIFIED
DALLAS, TX 75252
SBA Loan Lender
PLAINSCAPITAL BANK
5010 UNIVERSITY AVE
LUBBOCK, TX 79413
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
561310 -
Loan Approval Date
12/12/2005
Loan Approval Gross Amount
$625,000
Loan Approval from the SBA
Of the total $625,000 loan amount, the SBA guaranteed $468,750.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had 18 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.
The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Plainscapital Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.
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.
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