Financing for Tire Dealers

Looking for commercial loans for tire dealers? An SBA loan may be just what you've been looking for. This $604,191 tire dealers loan was issued by a Texas bank.

This business knew how to go about getting a business bank loan. Based in Granbury, Texas, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Community Bank, based in Burleson, Texas.

SBA Loan Borrower

COMPANY TYPE: AUTO AND HOME SUPPLY STORES
GRANBURY, TX 76049

SBA Loan Lender

COMMUNITY BANK
201 W ELLISON
BURLESON, TX 76028

This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5531 - Auto and Home Supply Stores

NAICS Code

441320 - Tire Dealers

Loan Approval Date

8/20/2002

Loan Approval Gross Amount

$604,191

Loan Approval from the SBA

Of the total $604,191 loan amount, the SBA guaranteed $453,143.

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 6 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you want money for new small business in Granbury TX, you ought to talk with a local Granbury SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Granbury businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Community Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Community Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Financing Your Business

Banks in Burleson, Texas

Getting an SBA Loan in Texas