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November 15, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Idalou, Business Loans > Security Bank Idalou Business Loans > Tires And Tubes Loan | ||||
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Requirements for Small Businesses On Getting a Loan
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Raising Money for Tire DealersLooking for bank loans for tire dealers? The SBA may be the answer. This $240,300 tire dealers loan was issued by a Texas bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Plainview, Texas was able to borrow $240,300 from Security Bank. The SBA made the loan possible by guaranteeing $180,225 of this Texas small business loan. SBA Loan Borrower COMPANY TYPE: TIRES AND TUBES SBA Loan Lender SECURITY BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5014 - Tires and Tubes NAICS Code 441320 - Tire Dealers Loan Approval Date 8/2/2001 Loan Approval Gross Amount $240,300 Loan Approval from the SBA Of the total $240,300 loan amount, the SBA guaranteed $180,225. 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 6 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. We can help you find the best banks for small businesses in Plainview or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Small Business Banks in Idalou, Texas
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