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May 14, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Pilot Point, Business Loans > Pointbank Pilot Point Business Loans > General Automotive Repair Loan | ||||
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Flower Mound, Texas Bank Loan
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How to Get a Loan for General Automotive RepairLooking for business loans for general automotive repair? Try the SBA. This $30,300 general automotive repair loan was issued by a Texas bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Flower Mound, Texas was able to borrow $30,300 from Pointbank. The SBA made the loan possible by guaranteeing $25,755 of this Texas small business loan. SBA Loan Borrower COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR SBA Loan Lender POINTBANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811111 - General Automotive Repair Loan Approval Date 4/2/2003 Loan Approval Gross Amount $30,300 Loan Approval from the SBA Of the total $30,300 loan amount, the SBA guaranteed $25,755. 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 2 employees. The loan application did not indicate that the company promised to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $30,300 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Raising VC Money for Social Networking Companies SBA Banks in Pilot Point, Texas
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