SBA Loan from The National Bank Of Andrews Helps Tires And Tubes Company

The National Bank Of Andrews and the SBA work together to get business loans for growing small businesses. Here's an example of how a Texas entrepreneur was able to get a loan to take a small business to the next level.

This business knew how to go about getting a business bank loan. Based in Andrews, Texas, they applied for and received an SBA-guaranteed loan in 2001. The lending bank was The National Bank Of Andrews, based in Andrews, Texas.

SBA Loan Borrower

COMPANY TYPE: TIRES AND TUBES
ANDREWS, TX 79714

SBA Loan Lender

THE NATIONAL BANK OF ANDREWS
1501 N MAIN ST
ANDREWS, TX 79714

This lender issued this commercial loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5014 - Tires and Tubes

NAICS Code

441320 - Tire Dealers

Loan Approval Date

9/13/2001

Loan Approval Gross Amount

$51,036

Loan Approval from the SBA

Of the total $51,036 loan amount, the SBA guaranteed $43,381.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to 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 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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Who Lends Money to Small Businesses in Andrews, Texas

Getting an SBA Loan in Texas