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December 18, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Arlington, Business Loans > Southwest Securities, Fsb Arlington Business Loans > Motor Vehicle Parts Wholesalers Loan | ||||
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Southwest Securities, Fsb SBA Loans Grand Prairie, Texas
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Grand Prairie, Texas Business Gets SBA-Guaranteed Funding from Southwest Securities, FsbSouthwest Securities, Fsb has a track record as a leading provider of SBA loans. Find out how this Texas entrepreneur received an SBA loan from them. This small firm received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Southwest Securities, Fsb, out of Arlington, Texas. The loan was granted and they received $775,000 to help grow their Grand Prairie, Texas business. SBA Loan Borrower COMPANY TYPE: MOTOR VEHICLE PARTS WHOLESALERS SBA Loan Lender SOUTHWEST SECURITIES, FSB This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 421140 - Motor Vehicle Parts Wholesalers Loan Approval Date 7/12/2002 Loan Approval Gross Amount $775,000 Loan Approval from the SBA Of the total $775,000 loan amount, the SBA guaranteed $581,250. More Information on This SBA Loan The borrower borrowed this money for an existing 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 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 2 existing jobs. Start the Process for Getting an SBA Loan Today! Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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: Role of Business Plan When Raising Money Small Business Banks in Arlington, Texas
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