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May 2, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Austin, Business Loans > Prosperity Bank Austin Business Loans > Carwashes Loan | ||||
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Examples of Tomball SBA Loans
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Get an SBA Loan for Car WashesWith these small business loans for car washes, the SBA guarantees the lender that the loan will be repaid. This car washes loan for $571,000 was given to a Texas entrepreneur in 2003. This company knew how to go about getting a business bank loan. Based in Tomball, Texas, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Prosperity Bank, based in Austin, Texas. SBA Loan Borrower COMPANY TYPE: CARWASHES SBA Loan Lender PROSPERITY BANK This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. 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 11/12/2003 Loan Approval Gross Amount $571,000 Loan Approval from the SBA Of the total $571,000 loan amount, the SBA guaranteed $428,250. 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 SBA loan application for the borrower did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business If you are interested in getting money to start a business or need money to grow a business, an SBA loan can be a great source of funding. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $571,000 loan. Remember, feel the fear, and do it anyway. 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: The Friends and Family Network
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