SBA Loan from Comerica Bank Helps Carwashes Company
Comerica Bank has a track record as a leading provider of SBA loans. Find out how this Texas entrepreneur received an SBA loan from them.
This business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Comerica Bank, out of Houston, Texas. The loan was granted and they received $568,000 to help grow their Pasadena, Texas business.
SBA Loan Borrower
COMPANY TYPE: CARWASHES
PASADENA, TX 77502
SBA Loan Lender
COMERICA BANK
1900 W LOOP SOUTH
HOUSTON, TX 77027
As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
7542 - Carwashes
NAICS Code
811192 - Car Washes
Loan Approval Date
8/24/2000
Loan Approval Gross Amount
$568,000
Loan Approval from the SBA
Of the total $568,000 loan amount, the SBA guaranteed $426,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had 2 employees. The SBA loan documents did not indicate that the company promised to use the funding to hire new employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
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:
Business Line of Credit
Banks in Houston, Texas
SBA Texas Banks