Health and Personal Care Stores Business Loans

Looking for business loans for health and personal care stores? An SBA loan may be just what you've been looking for. This $285,400 health and personal care stores loan was issued by a Texas bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Houston, Texas was able to borrow $285,400 from Wells Fargo Bank. The SBA made the loan possible by guaranteeing $214,050 of this Texas small business loan.

SBA Loan Borrower

BEAL HEARING AID CENTER
350 NORTH SAN HOUSTON PARKWA
HOUSTON, TX 77060

SBA Loan Lender

WELLS FARGO BANK
912 S HWY 183
AUSTIN, TX 78741

This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

446199 - All Other Health and Personal Care Stores

Loan Approval Date

1/21/2003

Loan Approval Gross Amount

$285,400

Loan Approval from the SBA

Of the total $285,400 loan amount, the SBA guaranteed $214,050.

More Information on This SBA Loan

The borrower, Beal Hearing Aid Center, borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The loan application indicated that the loan would help generate 7 new jobs and retain 1 existing job. This loan was paid in full, and was closed out on 5/2/2005.

Next Steps for Getting an SBA Loan

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

If Beal Hearing Aid Center 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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