A New Thing Inc Gets a Texas Small Business Loan

Would a Texas business loan help your company expand? If so, you may want to talk with this New York bank, which offers SBA loans to Texas entrepreneurs.

You can learn something about getting a small business loan in Austin, Texas by studying this loan to A New Thing Inc, made back in 2002. Banks like Banco Popular North America may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

A NEW THING INC
1188 & 1192 AIRPORT ROAD
AUSTIN, TX 78702

SBA Loan Lender

BANCO POPULAR NORTH AMERICA
7 W 51ST ST, BETWEEN 5TH & 6T
NEW YORK CITY, NY 10019

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812310 - Coin-Operated Laundries and Drycleaners

Loan Approval Date

7/17/2002

Loan Approval Gross Amount

$857,100

Loan Approval from the SBA

Of the total $857,100 loan amount, the SBA guaranteed $642,825.

More Information on This SBA Loan

The borrower, A New Thing Inc, 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 only one employee. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 3 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this A New Thing Inc loan from Banco Popular North America so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

About This SBA Loan Information:

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

Related Links:

SBIR Funding

SBA Banks in New York City, New York

New York SBA 7A Lenders

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.