Talco, Texas Entrepreneur Gets a Bank Loan
TexasBusiness loans are available to Texas business owners through the SBA. In this case, a Texas bank provides the loan.
This small business, based in Talco, Texas, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Equity Bank, Ssb. We've got the inside scoop on this Texas small business loan.
SBA Loan Borrower
COMPANY TYPE: CARWASHES
TALCO, TX 75487
SBA Loan Lender
EQUITY BANK, SSB
5220 SPRING VALLEY RD, STE 16
DALLAS, TX 75254
When it made this small business loan, the lender participated in the SBA's Certified Lenders Program (CLP). This program aims to ensure expeditious service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
7542 - Carwashes
NAICS Code
811192 - Car Washes
Loan Approval Date
10/4/2000
Loan Approval Gross Amount
$285,000
Loan Approval from the SBA
Of the total $285,000 loan amount, the SBA guaranteed $213,750.
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 17 employees. The SBA loan documents did not indicate that the small business promised to use the money to add employees or retain any existing employees.
Next Steps for Getting an SBA Loan
If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great funding source
This SBA loan was for $285,000. How would you spend $285,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.
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:
SBIR Funding
Banks in Dallas, Texas
Texas SBA 7A Lenders