Motor Vehicle Dealers Loans

Looking for loans for motor vehicle dealers? An SBA loan may be just what you've been looking for. This $200,000 motor vehicle dealers loan was issued by a Texas bank.

This company knew how to go about getting a business bank loan. Based in Salida, Colorado, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Citizens National Bank - Texas, based in Waxahachie, Texas.

SBA Loan Borrower

COMPANY TYPE: MOTOR VEHICLE DEALERS
SALIDA, CO 81201

SBA Loan Lender

CITIZENS NATIONAL BANK - TEXAS
200 N ELM ST
WAXAHACHIE, TX 75165

This lender processed this loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

441229 - Motor Vehicle Dealers

Loan Approval Date

12/28/2005

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $100,000.

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 7 employees. The loan application indicated that the loan would help retain 7 existing jobs.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a company in Salida CO, you ought to talk with a local Salida SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Salida businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Citizens National Bank - Texas and they will explain how you can get an SBA loan for your company.

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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