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May 2, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Terrell, Business Loans > Amer National Bank - Texas Terrell Business Loans > General Automotive Repair Shops Loan | ||||
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Small Business Banks for Rowlett Small Businesses
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General Automotive Repair LoansLooking for loans for general automotive repair? The SBA may be the answer. This $660,000 general automotive repair loan was issued by a Texas bank. Getting a small business loan in Rowlett, Texas was important for this company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Amer National Bank - Texas, operating out of Terrell, Texas. Here are the details on this Texas small business loan. SBA Loan Borrower COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR SHOPS SBA Loan Lender AMER NATIONAL BANK - TEXAS This lender provides SBA loan for small businesses 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. SIC Code 7538 - General Automotive Repair Shops NAICS Code 811111 - General Automotive Repair Loan Approval Date 3/29/2000 Loan Approval Gross Amount $660,000 Loan Approval from the SBA Of the total $660,000 loan amount, the SBA guaranteed $495,000. 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. The loan application indicated that the funding would help create 6 new jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. 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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