Loan Census Banking News and Information
December 21, 2024  
 
 
  Business Loan Information  
 

Best Banks for Austin, Texas Small Businesses

 

 
Loan Census SBA Loan Info

Raising Money for Car Washes

Looking for bank loans for car washes? An SBA loan may be just what you've been looking for. This $667,000 car washes loan was issued by a Texas bank.

This small firm knew how to go about getting a business bank loan. Based in Austin, Texas, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Southwest Bank, based in Fort Worth, Texas.

SBA Loan Borrower

COMPANY TYPE: CARWASHES
AUSTIN, TX 78765

SBA Loan Lender

SOUTHWEST BANK
3737 SW LOOP 820
FORT WORTH, TX 76133

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.

SIC Code

7542 - Carwashes

NAICS Code

811192 - Car Washes

Loan Approval Date

4/13/2000

Loan Approval Gross Amount

$667,000

Loan Approval from the SBA

Of the total $667,000 loan amount, the SBA guaranteed $500,250.

More Information on This SBA Loan

The borrower 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 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

Many small businesses receive loans backed by the U.S. Small Business Administration.

We can help you find the best banks for small businesses in Austin or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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.

Related Links:

Understanding Dilution

Banks in Fort Worth, Texas

SBA Lenders in Texas