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December 18, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Gonzales, Business Loans > American National Bank Gonzales Business Loans > General Automotive Repair Loan | ||||
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Luling, Texas Bank Loan
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Where to Get Capital for General Automotive RepairLooking for small business loans for general automotive repair? An SBA loan may be just what you've been looking for. This $120,000 general automotive repair loan was issued by a Texas bank. This company knew how to go about getting a business bank loan. Based in Luling, Texas, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was American National Bank, based in Gonzales, Texas. SBA Loan Borrower COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR SBA Loan Lender AMERICAN NATIONAL BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811111 - General Automotive Repair Loan Approval Date 2/20/2001 Loan Approval Gross Amount $120,000 Loan Approval from the SBA Of the total $120,000 loan amount, the SBA guaranteed $102,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The loan application did not indicate that the small business promised to use the money to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. We've showcased information on this loan to let you know that businesses like yours 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: Best Banks for Small Business in Gonzales, Texas
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