Entrepreneur Works With Houston, Texas Bank to Get an SBA Loan

Want to talk with a Houston, Texas bank about an SBA loan? Here's one Arizona business loan, issued by a Houston bank, that was approved by the SBA.

Applying for an SBA loan with Comerica Bank worked out well for our friends at one local business in Tucson, Arizona. The business was able to get an SBA loan for $1,034,500. Awesome!

SBA Loan Borrower

COMPANY TYPE: CARWASHES
TUCSON, AZ 85745

SBA Loan Lender

COMERICA BANK
1900 W LOOP SOUTH
HOUSTON, TX 77027

This business loan was issued under the SBA's Certified Lenders Program (CLP), which means that this bank has a successful SBA lending background and a deep knowledge SBA policies and procedures.

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

7/14/2004

Loan Approval Gross Amount

$1,034,500

Loan Approval from the SBA

Of the total $1,034,500 loan amount, the SBA guaranteed $775,875.

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 4 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Comerica Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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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