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May 16, 2024 |
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| Home > Small Business Lenders by State > New Mexico Business Loan Sources > Pecos, Business Loans > Transpecos Banks Pecos Business Loans > Tire Dealers Loan | ||||
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Transpecos Banks SBA Loans
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Small Business Loans for Tire DealersLooking for small business loans for tire dealers? The SBA may be the answer. This $325,000 tire dealers loan was issued by a Texas bank. This small firm knew how to go about getting a business bank loan. Based in Carlsbad, New Mexico, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Transpecos Banks, based in Pecos, Texas. SBA Loan Borrower COMPANY TYPE: TIRE DEALERS SBA Loan Lender TRANSPECOS BANKS This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 441320 - Tire Dealers Loan Approval Date 10/16/2001 Loan Approval Gross Amount $325,000 Loan Approval from the SBA Of the total $325,000 loan amount, the SBA guaranteed $243,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 12 employees. This SBA loan request did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Transpecos Banks and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Small Bank Loans in Pecos, Texas
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