Entrepreneur Works With Houston, Texas Bank to Get an SBA Loan
Want to talk with a Houston, Texas bank about a business loan? Here's one Texas business loan, issued by a Houston bank, that was approved by the SBA.
Applying for an SBA loan with Comerica Bank worked out well for our friends at one local business in Lewisville, Texas. The business was able to get an SBA loan for $338,000. Nice!
SBA Loan Borrower
COMPANY TYPE: AUTOMOTIVE TRANSMISSION REPAIR
LEWISVILLE, TX 75067
SBA Loan Lender
COMERICA BANK
1900 W LOOP SOUTH
HOUSTON, TX 77027
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
811113 - Automotive Transmission Repair
Loan Approval Date
12/21/2000
Loan Approval Gross Amount
$338,000
Loan Approval from the SBA
Of the total $338,000 loan amount, the SBA guaranteed $253,500.
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 6 employees. The SBA loan documents indicated that the loan would help retain 6 existing jobs.
Next Steps for Getting an SBA Loan
Every year, the SBA guarantees over $10 billion for loans just like this one.
While you may be able to find other ways to get money to start a business, 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:
The Friends and Family Network
Find an SBA Lender in Houston, Texas
Texas SBA Banks