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April 28, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > San Antonio, Business Loans > Security Service Fcu San Antonio Business Loans > Used Car Dealers Loan | ||||
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Banks for San Antonio, Texas Businesses
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Loans for Used Car DealersLooking for loans for used car dealers? Talk to a banker who works with the SBA. This $55,000 used car dealers loan was issued by a Texas bank. This small firm received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Security Service Fcu, out of San Antonio, Texas. The loan was granted and they received $55,000 to help grow their San Antonio, Texas business. SBA Loan Borrower COMPANY TYPE: USED CAR DEALERS SBA Loan Lender SECURITY SERVICE FCU The lender provided this debt financing through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 441120 - Used Car Dealers Loan Approval Date 8/31/2007 Loan Approval Gross Amount $55,000 Loan Approval from the SBA Of the total $55,000 loan amount, the SBA guaranteed $27,500. 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 3 employees. The SBA loan documents indicated that the loan would help retain 3 existing jobs. Next Steps for Getting an SBA Loan If you need money to start a small business or need money for an existing business, an SBA loan can be a great source of funding. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Who Lends Money to Small Businesses in San Antonio, Texas Getting a Business Loan in Texas
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