Entrepreneur Works With El Paso, Texas Bank to Get an SBA Loan

Want to talk with an El Paso, Texas bank about an SBA loan? Here's one Texas business loan, issued by an El Paso bank, that was approved by the SBA.

Applying for an SBA loan with Capital Bank, S.S.B. worked out well for our friends at one local company in El Paso, Texas. The business was able to get an SBA loan for $866,000. Nice!

SBA Loan Borrower

COMPANY TYPE: TRUCK RENTAL AND LEASING, WITHOUT DRIVERS
EL PASO, TX 79913

SBA Loan Lender

CAPITAL BANK, S.S.B.
8700 MONTANA AVE
EL PASO, TX 79925

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7513 - Truck Rental and Leasing, Without Drivers

NAICS Code

532120 - Truck, Utility Trailer, and RV Rental and Leasing

Loan Approval Date

7/21/2000

Loan Approval Gross Amount

$866,000

Loan Approval from the SBA

Of the total $866,000 loan amount, the SBA guaranteed $649,500.

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. The SBA loan application for the borrower did not indicate that the business planned to use the funding to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you need business start up money in El Paso TX, you ought to talk with a local El Paso SBA lender or talk with an out-of-area SBA lender that has previously loaned money to El Paso businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Capital Bank, S.S.B. are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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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