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May 8, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Hereford, Business Loans > Hereford State Bank Hereford Business Loans > Car Washes Loan | ||||
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SBA Lender Hereford, Texas
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Hereford, Texas Lender Lends Money to Car Washes CompanyThinking about meeting with a Hereford, Texas bank about an SBA loan? Here's one Texas business loan, issued by a Hereford bank, that was approved by the SBA. Applying for an SBA loan with Hereford State Bank worked out well for our friends at one local business in Amarillo, Texas. They got an SBA loan for $15,000. Sweet! SBA Loan Borrower COMPANY TYPE: CAR WASHES SBA Loan Lender HEREFORD STATE BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811192 - Car Washes Loan Approval Date 11/28/2001 Loan Approval Gross Amount $15,000 Loan Approval from the SBA Of the total $15,000 loan amount, the SBA guaranteed $12,750. 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 4 employees. The SBA loan documents did not indicate that the small business planned to use the funding to add employees or retain any existing employees. Getting an SBA Loan For Your Business The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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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