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| Entrepreneur Resources | Compass Bank Birmingham Business Loans | ||||
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SBA 7A Banks That Lend to Austin Entrepreneurs
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Texas Small Business Loan Issued to Armadillo Auto GlassLooking to get a Texas SBA loan? This Texas entrepreneur got an SBA loan, provided by an Alabama bank that works with the SBA to help small business owners.
You can learn something about getting a small business loan in Austin, Texas by studying this loan to Armadillo Auto Glass, made back in 2007. Banks like Compass Bank may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower ARMADILLO AUTO GLASS SBA Loan Lender COMPASS BANK This lender processed this SBA business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 811122 - Automotive Glass Replacement Shops Loan Approval Date 10/3/2007 Loan Approval Gross Amount $20,000 Loan Approval from the SBA Of the total $20,000 loan amount, the SBA guaranteed $10,000. More Information on This SBA Loan The borrower, Armadillo Auto Glass, 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 3 employees. This SBA loan request indicated that the loan would help retain 3 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like Armadillo Auto Glass did when it applied for and received this $20,000 loan. Remember, things become real when you believe you can achieve them! About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Find an SBA Lender in Birmingham, Alabama 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.
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