Business Loan Center, LLC Gives Small Business Loan to Automotive Oil Change And Lubrication Shops Company
Would a Texas SBA loan help your business get to the next level? If so, you may want to talk with this New York bank, which offers SBA loans to Texas entrepreneurs.
By giving the right information to Business Loan Center, LLC, this Waxahachie, Texas business was able to get an SBA loan. To get this loan, the applying company gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back.
SBA Loan Borrower
COMPANY TYPE: AUTOMOTIVE OIL CHANGE AND LUBRICATION SHOPS
WAXAHACHIE, TX 75165
SBA Loan Lender
BUSINESS LOAN CENTER, LLC
1633 BROADWAY, 39TH FL
NEW YORK, NY 10019
As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
811191 - Automotive Oil Change and Lubrication Shops
Loan Approval Date
2/20/2001
Loan Approval Gross Amount
$1,003,000
Loan Approval from the SBA
Of the total $1,003,000 loan amount, the SBA guaranteed $752,250.
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 6 employees. The SBA loan application for the borrower indicated that the loan would help retain 6 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
If you need business start up money in Waxahachie TX, you ought to talk with a local Waxahachie SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Waxahachie businesses.
We can help you find the best banks for small businesses in Waxahachie or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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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New York SBA Banks