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November 15, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Celeste, Business Loans > The First Bank Of Celeste Celeste Business Loans > Automotive Repair And Maintenance Loan | ||||
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Get SBA Loans from The First Bank Of Celeste
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SBA Loan from The First Bank Of Celeste Helps Automotive Repair And Maintenance CompanyAn SBA loan from The First Bank Of Celeste typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Leonard, Texas business owner got a $125,000 loan. Getting a small business loan in Leonard, Texas was an essential business goal for this company back in 2001 and, based on their loan application, they were successful in getting an SBA loan from The First Bank Of Celeste, operating out of Celeste, Texas. Here are the details on this Texas small business loan. SBA Loan Borrower COMPANY TYPE: AUTOMOTIVE REPAIR AND MAINTENANCE SBA Loan Lender THE FIRST BANK OF CELESTE This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811198 - Automotive Repair and Maintenance Loan Approval Date 2/20/2001 Loan Approval Gross Amount $125,000 Loan Approval from the SBA Of the total $125,000 loan amount, the SBA guaranteed $106,250. 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 14 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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:
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