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April 27, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Golden, Business Loans > Cit Small Business Lending Corp Golden Business Loans > Automotive Services Loan | ||||
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SBA Lenders for Lubbock Small Businesses
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Raising Money for Automotive Repair and MaintenanceLooking for business loans for automotive repair and maintenance? Try the SBA. This $763,000 automotive repair and maintenance loan was issued by a Colorado bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Lubbock, Texas was able to borrow $763,000 from Cit Small Business Lending Corp. The SBA made the loan possible by guaranteeing $572,250 of this Texas small business loan. SBA Loan Borrower COMPANY TYPE: AUTOMOTIVE SERVICES SBA Loan Lender CIT SMALL BUSINESS LENDING CORP This loan for a small business was issued under the SBA's Certified Lenders Program (CLP), which means that the lender has a successful SBA lending background and a deep knowledge SBA loan requirements. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7549 - Automotive Services NAICS Code 811198 - Automotive Repair and Maintenance Loan Approval Date 3/30/2005 Loan Approval Gross Amount $763,000 Loan Approval from the SBA Of the total $763,000 loan amount, the SBA guaranteed $572,250. 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 5 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. This SBA loan was for $763,000. How would you spend $763,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Accountant's Role in Securing Financing SBA 7A Banks in Golden, Colorado
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