Specialized Long-Distance Freight Trucking Business Loans
With these business loans for specialized long-distance freight trucking, the SBA guarantees the lender that the loan will be repaid. This specialized long-distance freight trucking loan for $100,000 was given to a Texas entrepreneur in 2006.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in San Antonio, Texas was able to borrow $100,000 from Capital One. The SBA made the loan possible by guaranteeing $50,000 of this Texas small business loan.
SBA Loan Borrower
COMPANY TYPE: SPECIALIZED LONG-DISTANCE FREIGHT TRUCKING
SAN ANTONIO, TX 78250
SBA Loan Lender
CAPITAL ONE
1680 CAPITAL ONE DR
MCLEAN, VA 22102
This SBA loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
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
484230 - Specialized Long-Distance Freight Trucking
Loan Approval Date
12/1/2006
Loan Approval Gross Amount
$100,000
Loan Approval from the SBA
Of the total $100,000 loan amount, the SBA guaranteed $50,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 6 employees. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 6 existing jobs.
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Every year, the SBA guarantees over $10 billion for loans just like this one.
While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.
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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