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| Entrepreneur Resources | Franklin Bank S.S.B. Houston Business Loans | ||||
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How to Get a Business Loan in Austin, Texas
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Austin, Texas Entrepreneur Gets an SBA LoanWould a Texas SBA loan help your business get to the next level? If so, you may want to talk with this Texas 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 Aus-Tex Sandblasting And Coati, made back in 2001. Banks like Franklin Bank S.S.B. may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower AUS-TEX SANDBLASTING AND COATI SBA Loan Lender FRANKLIN BANK S.S.B. This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7389 - Business Services, N.E.C. NAICS Code 235210 - Painting and Wall Covering Loan Approval Date 3/28/2001 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower, Aus-Tex Sandblasting And Coati, 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 6 employees. The loan application did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. 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 Aus-Tex Sandblasting And Coati did when it applied for and received this $150,000 loan. Remember, if it to be, it is up to me! About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: SBA Participating Banks in Texas 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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