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May 3, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Cross Plains, Business Loans > Texas Heritage Bank Cross Plains Business Loans > Carwashes Loan | ||||
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Get SBA Loans from Texas Heritage Bank
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SBA Loan from Texas Heritage Bank Helps Carwashes CompanyAn SBA loan from Texas Heritage Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a San Antonio, Texas business owner got a $506,000 loan. This business knew how to go about getting a business bank loan. Based in San Antonio, Texas, they applied for and received an SBA-guaranteed loan in 2003. The lending bank was Texas Heritage Bank, based in Cross Plains, Texas. SBA Loan Borrower COMPANY TYPE: CARWASHES SBA Loan Lender TEXAS HERITAGE BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7542 - Carwashes NAICS Code 811192 - Car Washes Loan Approval Date 10/30/2003 Loan Approval Gross Amount $506,000 Loan Approval from the SBA Of the total $506,000 loan amount, the SBA guaranteed $379,500. 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 only one employee. This SBA loan request did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees. 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. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Find an SBA Lender in Cross Plains, Texas
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