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| Entrepreneur Resources | Comerica Bank Dallas Business Loans | ||||
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SBA Lender Dallas
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Dallas, Texas Bank Gives SBA Loan to Florida Funeral Home And CremaGet business loans from a Dallas, Texas bank that knows how to treat small business owners right! If Florida Funeral Home And Crema can get a loan, there's no reason you can't do it too.
Comerica Bank is a Dallas, Texas small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to Florida Funeral Home And Crema a Florida company. SBA Loan Borrower FLORIDA FUNERAL HOME AND CREMA SBA Loan Lender COMERICA BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA small business loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7261 - Funeral Service and Crematories NAICS Code 812220 - Cemeteries and Crematories Loan Approval Date 1/15/2003 Loan Approval Gross Amount $498,000 Loan Approval from the SBA Of the total $498,000 loan amount, the SBA guaranteed $373,500. More Information on This SBA Loan The borrower, Florida Funeral Home And Crema, borrowed this money for a new 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 6 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business If you are interested in getting money to start a business or need money to grow a business, an SBA loan can be a great source of funding. 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: How Much Venture Capital Is There? Find an SBA Lender in Dallas, 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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