Car Washes Business Loans

Looking for business loans for car washes? An SBA loan may be just what you've been looking for. This $140,000 car washes loan was issued by a Texas bank.

This business knew how to go about getting a business bank loan. Based in Bangs, Texas, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Texas Bank, based in Brownwood, Texas.

SBA Loan Borrower

COMPANY TYPE: CAR WASHES
BANGS, TX 76823

SBA Loan Lender

TEXAS BANK
400 FISK ST
BROWNWOOD, TX 76801

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811192 - Car Washes

Loan Approval Date

4/4/2001

Loan Approval Gross Amount

$140,000

Loan Approval from the SBA

Of the total $140,000 loan amount, the SBA guaranteed $119,000.

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 only one employee. This SBA loan request did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you have been wondering how do i get money to start a business in Bangs TX, you ought to talk with a local Bangs SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Bangs businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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