Austin, Texas Business Gets SBA-Guaranteed Funding from American Bank Of Commerce

American Bank Of Commerce 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 Apogee Telecom Inc back in 2005 and, based on their loan application, they were successful in getting an SBA loan from American Bank Of Commerce, operating out of Wolfforth, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

APOGEE TELECOM INC
715 W 23RD ST SUITE M
AUSTIN, TX 78705

SBA Loan Lender

AMERICAN BANK OF COMMERCE
W 82ND ST AND US HWY 62/82
WOLFFORTH, TX 79382

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541519 - Other Computer Related Services

Loan Approval Date

3/28/2005

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $225,000.

More Information on This SBA Loan

The borrower, Apogee Telecom 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 9 employees. The loan application indicated that the loan would help retain 9 existing jobs. This loan was paid in full, and was closed out on 8/31/2006.

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

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this Apogee Telecom Inc loan from American Bank Of Commerce 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:

Attracting Investors

SBA Participating Banks in Wolfforth, Texas

Texas SBA Bank Lenders

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