Where to Get Capital for General Automotive Repair
Looking 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
LULING, TX 78648
SBA Loan Lender
AMERICAN NATIONAL BANK
1606 N SARAH DEWITT DR
GONZALES, TX 78629
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:
Strategic Investors
Best Banks for Small Business in Gonzales, Texas
Texas SBA 7A Lenders