Small Business Loans for Automotive Repair and Maintenance

Looking for small business loans for automotive repair and maintenance? The SBA may be the answer. This $117,200 automotive repair and maintenance loan was issued by a Texas bank.

This small firm received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Citizens National Bank - Texas, out of Waxahachie, Texas. The loan was granted and they received $117,200 to help grow their Waxahachie, Texas business.

SBA Loan Borrower

COMPANY TYPE: AUTOMOTIVE REPAIR AND MAINTENANCE
WAXAHACHIE, TX 75165

SBA Loan Lender

CITIZENS NATIONAL BANK - TEXAS
200 N ELM ST
WAXAHACHIE, TX 75165

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan for a small business was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811198 - Automotive Repair and Maintenance

Loan Approval Date

7/5/2006

Loan Approval Gross Amount

$117,200

Loan Approval from the SBA

Of the total $117,200 loan amount, the SBA guaranteed $99,620.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

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Small Business Banks in Waxahachie, Texas

Getting an SBA Loan in Texas