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May 18, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Crane, Business Loans > Security State Bank Crane Business Loans > Car Washes Loan | ||||
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Banks in Crane, Texas That Make SBA Loans
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Crane, Texas Bank Gives SBA Loan to Car Washes CompanyThinking about meeting with a Crane, Texas bank about an SBA loan? Here's one Texas business loan, issued by a Crane bank, that was approved by the SBA. Applying for an SBA loan with Security State Bank worked out well for our friends at one local firm in Crane, Texas. The business was able to get an SBA loan for $75,800. Awesome! SBA Loan Borrower COMPANY TYPE: CAR WASHES SBA Loan Lender SECURITY STATE BANK This was a Low Documentation SBA loan. The SBA created this program to limit the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811192 - Car Washes Loan Approval Date 10/18/2001 Loan Approval Gross Amount $75,800 Loan Approval from the SBA Of the total $75,800 loan amount, the SBA guaranteed $64,430. 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 money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. 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 $75,800 loan. Remember, things become real when you believe you can achieve them! 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: SBA 7A Lenders in Crane, Texas
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