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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 > Automotive Services Loan | ||||
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Arlington, Texas SBA Lenders
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Entrepreneur Works With Arlington, Texas Bank to Get an SBA LoanWant to talk with an Arlington, Texas bank about a small business loan? Here's one Texas business loan, issued by an Arlington bank, that was approved by the SBA. Applying for an SBA loan with Southwest Securities, Fsb worked out well for our friends at one local firm in Longview, Texas. The business was able to get an SBA loan for $795,000. Awesome! SBA Loan Borrower COMPANY TYPE: AUTOMOTIVE SERVICES SBA Loan Lender SOUTHWEST SECURITIES, FSB This SBA business 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 7549 - Automotive Services NAICS Code 811191 - Automotive Oil Change and Lubrication Shops Loan Approval Date 2/28/2001 Loan Approval Gross Amount $795,000 Loan Approval from the SBA Of the total $795,000 loan amount, the SBA guaranteed $596,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 12 employees. The loan application did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business If you are working on finding money to start a business in Longview TX, you ought to talk with a local Longview SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Longview businesses. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $795,000 loan. Remember, anyone can do it... so why not you? 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: SBA 7A Banks for Arlington, Texas Loans
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