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How Hard Is It to Get a Small Business Loan in Austin, Texas?

 

 
Gaebler Ventures is a business incubator, holding company, and private equity firm. We help entrepreneurs transform ideas and innovations into greatness.

Computer Related Services Small Business Loans

With these small business loans for computer related services, the SBA guarantees the lender that the loan will be repaid. This computer related services loan for $35,000 was given to a Texas entrepreneur in 2006.

Accelerated Digital Solutions, Inc. received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Capital One, out of Mclean, Virginia. The loan was granted and they received $35,000 to help grow their Austin, Texas business.

SBA Loan Borrower

ACCELERATED DIGITAL SOLUTIONS, INC.
3307 NORTHLAND DR 305
AUSTIN, TX 78731

SBA Loan Lender

CAPITAL ONE
1680 CAPITAL ONE DR
MCLEAN, VA 22102

This loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

541519 - Other Computer Related Services

Loan Approval Date

5/1/2006

Loan Approval Gross Amount

$35,000

Loan Approval from the SBA

Of the total $35,000 loan amount, the SBA guaranteed $17,500.

More Information on This SBA Loan

The borrower, Accelerated Digital Solutions, Inc., borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. This SBA loan request indicated that the loan would help generate 5 new jobs and retain 5 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.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as Accelerated Digital Solutions, Inc. walked into Capital One and applied for an SBA loan, you have to do the same thing. The sooner you start, the faster you'll get the money!

About This SBA Loan Information:

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

Related Links:

Startup Funding Tip

Where to Get an SBA Loan in Mclean, Virginia

Virginia SBA Bank Lenders

 

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