Raising Money for Personal Care Services

Looking for business loans for personal care services? An SBA loan may be just what you've been looking for. This $524,000 personal care services loan was issued by a Texas bank.

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

SBA Loan Borrower

COMPANY TYPE: PERSONAL CARE SERVICES
SPRING, TX 77381

SBA Loan Lender

WOODFOREST NATIONAL BANK
13301 EAST FRWY
HOUSTON, TX 77015

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812199 - Personal Care Services

Loan Approval Date

7/1/2005

Loan Approval Gross Amount

$524,000

Loan Approval from the SBA

Of the total $524,000 loan amount, the SBA guaranteed $393,000.

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 only one employee. The loan application indicated that the loan would help generate 25 new jobs and retain 1 existing job.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $524,000 loan. Remember, feel the fear, and do it anyway.

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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