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May 15, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Gainesville, Business Loans > Prosperity Bank Gainesville Business Loans > Car Washes Loan | ||||
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SBA Lender Gainesville Texas
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SBA Loans for Car WashesLooking for SBA loans for car washes? Try the SBA. This $250,000 car washes loan was issued by a Texas bank. This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Prosperity Bank, out of Gainesville, Texas. The loan was granted and they received $250,000 to help grow their Gainesville, Texas business. SBA Loan Borrower COMPANY TYPE: CAR WASHES SBA Loan Lender PROSPERITY BANK This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811192 - Car Washes Loan Approval Date 6/10/2003 Loan Approval Gross Amount $250,000 Loan Approval from the SBA Of the total $250,000 loan amount, the SBA guaranteed $187,500. More Information on This SBA Loan The borrower borrowed this money for a new 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 only one employee. The SBA loan application for the borrower indicated that the loan would help create 4 new jobs. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Prosperity Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Good Banks for Small Business in Gainesville, Texas
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