Business Loan from Extraco Banks Given to Accessories Plus

Extraco Banks has a track record as a leading provider of SBA loans. Find out how this Texas entrepreneur received an SBA loan from them.

Getting a small business loan in Austin, Texas was an essential business goal for Accessories Plus back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Extraco Banks, operating out of Temple, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

ACCESSORIES PLUS
7500 W. HIGHWAY 71
AUSTIN, TX 78735

SBA Loan Lender

EXTRACO BANKS
18 S MAIN
TEMPLE, TX 76501

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541890 - Other Services Related to Advertising

Loan Approval Date

6/3/2005

Loan Approval Gross Amount

$88,400

Loan Approval from the SBA

Of the total $88,400 loan amount, the SBA guaranteed $75,140.

More Information on This SBA Loan

The borrower, Accessories Plus, 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 application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

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

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Extraco Banks and they will explain how you can get an SBA loan for your company.

About This SBA Loan Information:

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

Related Links:

Bank Credit Lines

SBA 7A Banks in Temple, Texas

SBA Lenders in Texas

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