Getting an SBA Loan for Tire Dealers

With these business loans for tire dealers, the SBA guarantees the lender that the loan will be repaid. This tire dealers loan for $135,000 was given to a Texas entrepreneur in 2002.

This business knew how to go about getting a business bank loan. Based in Breckenridge, Texas, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was First National Bank Albany/breckenri, based in Breckenridge, Texas.

SBA Loan Borrower

COMPANY TYPE: TIRE DEALERS
BRECKENRIDGE, TX 76424

SBA Loan Lender

FIRST NATIONAL BANK ALBANY/BRECKENRI
101 E WALKER ST
BRECKENRIDGE, TX 76424

This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

441320 - Tire Dealers

Loan Approval Date

5/7/2002

Loan Approval Gross Amount

$135,000

Loan Approval from the SBA

Of the total $135,000 loan amount, the SBA guaranteed $114,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 7 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer 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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