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November 15, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Newcastle, Business Loans > Farmers National Bank Newcastle Business Loans > General Automotive Repair Shops Loan | ||||
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SBA Lenders in Texas
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Where to Get Capital for General Automotive RepairWith these small business loans for general automotive repair, the SBA guarantees the lender that the loan will be repaid. This general automotive repair loan for $65,650 was given to a Texas entrepreneur in 2003. This company knew how to go about getting a business bank loan. Based in Graham, Texas, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Farmers National Bank, based in Newcastle, Texas. SBA Loan Borrower COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR SHOPS SBA Loan Lender FARMERS NATIONAL BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7538 - General Automotive Repair Shops NAICS Code 811111 - General Automotive Repair Loan Approval Date 11/13/2003 Loan Approval Gross Amount $65,650 Loan Approval from the SBA Of the total $65,650 loan amount, the SBA guaranteed $55,803. 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 4 employees. The SBA loan documents did not indicate that the small business promised to use the funding to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Where to Get an SBA Loan in Newcastle, Texas
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