 |
 |
May 13, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Texas Business Loan Sources > Rusk, Business Loans > Austin Bank Texas Rusk Business Loans > Motor Vehicle Supplies And New Parts Loan | ||||
 |
||||
How Do We Get a Business Loan in Mineola, Texas?
|
||||
 |
Motor Vehicle Supplies and New Parts Wholesalers Small Business LoansLooking for small business loans for motor vehicle supplies and new parts wholesalers? Talk to a banker who works with the SBA. This $216,000 motor vehicle supplies and new parts wholesalers loan was issued by a Texas bank. This company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Austin Bank Texas, out of Rusk, Texas. The loan was granted and they received $216,000 to help grow their Mineola, Texas business. SBA Loan Borrower COMPANY TYPE: MOTOR VEHICLE SUPPLIES AND NEW PARTS SBA Loan Lender AUSTIN BANK TEXAS SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5013 - Motor Vehicle Supplies and New Parts NAICS Code 421120 - Motor Vehicle Supplies and New Parts Wholesalers Loan Approval Date 5/24/2002 Loan Approval Gross Amount $216,000 Loan Approval from the SBA Of the total $216,000 loan amount, the SBA guaranteed $162,000. More Information on This SBA Loan The borrower borrowed this money for an existing 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 2 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! 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. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Austin Bank Texas had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Austin Bank Texas made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Family and Friend Investors - Your First Financiers Small Bank Loans in Rusk, Texas
|
|
||
|
||||
|
|
||||