Birmingham, Alabama Lender Lends Money to Kwik Kar Southwest

Get small business loans from a Birmingham, Alabama bank that knows how to treat small business owners right! If Kwik Kar Southwest can get a loan, there's no reason you can't do it too.

Compass Bank is a Birmingham, Alabama small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to Kwik Kar Southwest a Texas company.

SBA Loan Borrower

KWIK KAR SOUTHWEST
3416 WEST WILLIAM CANNON DR
AUSTIN, TX 78745

SBA Loan Lender

COMPASS BANK
15 S 20TH ST
BIRMINGHAM, AL 35233

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811191 - Automotive Oil Change and Lubrication Shops

Loan Approval Date

9/1/2005

Loan Approval Gross Amount

$1,779,000

Loan Approval from the SBA

Of the total $1,779,000 loan amount, the SBA guaranteed $1,334,250.

More Information on This SBA Loan

The borrower, Kwik Kar Southwest, borrowed this money for a new business. The SBA's record indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 10 employees. This SBA loan request indicated that the loan would help retain 10 existing jobs.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

If Kwik Kar Southwest can get an SBA loan, there's no reason you can't 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 SBA loan database.

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