Financing for Appliance Repair and Maintenance

With these commercial loans for appliance repair and maintenance, the SBA guarantees the lender that the loan will be repaid. This appliance repair and maintenance loan for $30,000 was given to a Texas entrepreneur in 2001.

This business knew how to go about getting a business bank loan. Based in Pollok, Texas, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Commercial Bank Of Texas, based in Lufkin, Texas.

SBA Loan Borrower

COMPANY TYPE: BUSINESS SERVICES
POLLOK, TX 75969

SBA Loan Lender

COMMERCIAL BANK OF TEXAS
600 S FIRST ST
LUFKIN, TX 75901

This was a Low Documentation SBA loan. The SBA launched this program to limit the paperwork associated with borrowing money. The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7389 - Business Services

NAICS Code

811412 - Appliance Repair and Maintenance

Loan Approval Date

2/1/2001

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $25,500.

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 SBA funding recipient promised to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $30,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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.

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