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November 14, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Houston, Business Loans > Comerica Bank Houston Business Loans > Car Washes Loan | ||||
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Pasadena, Texas Bank for SBA Loans
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Car Washes Commercial LoansWith these commercial loans for car washes, the SBA guarantees the lender that the loan will be repaid. This car washes loan for $536,000 was given to a Texas entrepreneur in 2003. This small business knew how to go about getting a business bank loan. Based in Pasadena, Texas, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Comerica Bank, based in Houston, Texas. SBA Loan Borrower COMPANY TYPE: CAR WASHES SBA Loan Lender COMERICA BANK 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 811192 - Car Washes Loan Approval Date 1/3/2003 Loan Approval Gross Amount $536,000 Loan Approval from the SBA Of the total $536,000 loan amount, the SBA guaranteed $402,000. More Information on This SBA Loan The borrower borrowed this money for a new 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 2 employees. The SBA loan application for the borrower indicated that the loan would help retain 2 existing jobs. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Comerica Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Who Lends Money to Small Businesses in Houston, Texas
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