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December 23, 2024 |
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| Home > Small Business Lenders by State > Michigan Business Loan Sources > Dallas, Business Loans > Comerica Bank Dallas Business Loans > Motor Vehicle Parts Merchant Wholesalers Loan | ||||
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Dallas Bank Loan
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Entrepreneur Works With Dallas, Texas Bank to Get an SBA LoanA Dallas, Texas SBA loan can be yours. Learn how one firm got a $662,000 business loan from this Texas bank. This loan to an entrepreneur is a good example of an SBA loan. Comerica Bank made the loan and the SBA guaranteed a portion of the loan. Many other Michigan entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: MOTOR VEHICLE PARTS MERCHANT WHOLESALERS SBA Loan Lender COMERICA BANK This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 423140 - Motor Vehicle Parts Merchant Wholesalers Loan Approval Date 6/23/2006 Loan Approval Gross Amount $662,000 Loan Approval from the SBA Of the total $662,000 loan amount, the SBA guaranteed $496,500. More Information on This SBA Loan The borrower borrowed this money for an existing 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 13 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 13 existing jobs. Getting an SBA Loan For Your Business If you are working on finding money to start a business in Redford MI, you ought to talk with a local Redford SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Redford businesses. 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:
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