Austin, Texas Lender Lends Money to Abba Technologies Inc

Get small business loans from an Austin, Texas bank that knows how to treat small business owners right! If Abba Technologies Inc can get a loan, there's no reason you can't do it too.

Wells Fargo Bank is a Austin, Texas small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to Abba Technologies Inc a New Mexico company.

SBA Loan Borrower

ABBA TECHNOLOGIES INC
1501 SAN PEDRO NE
ALBUQUERQUE, NM 87110

SBA Loan Lender

WELLS FARGO BANK
912 S HWY 183
AUSTIN, TX 78741

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

421430 - Computer and Computer Peripheral Equipment and Software Wholesalers

Loan Approval Date

5/22/2001

Loan Approval Gross Amount

$1,027,500

Loan Approval from the SBA

Of the total $1,027,500 loan amount, the SBA guaranteed $770,625.

More Information on This SBA Loan

The borrower, Abba Technologies Inc, borrowed this money for an existing 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 23 employees. The loan application indicated that the loan would help retain 23 existing jobs. This loan was paid in full, and was closed out on 5/3/2005.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

Related Links:

Direct Public Offerings

Small Business Banks in Austin, Texas

Texas SBA Banks

If you are an ambitious entrepreneur or an aspiring executive looking to get involved with a startup, please take the time to learn more about Gaebler Ventures.