Austin, Texas Bank Lends Money to Austin Autohaus in Austin, Texas

Want to talk with an Austin, Texas bank about an SBA loan? Here's one Texas business loan, issued by an Austin bank, that was approved by the SBA.

Applying for an SBA loan with Wells Fargo Bank worked out well for our friends at Austin Autohaus in Austin, Texas. The business was able to get an SBA loan for $374,500. Way to go!

SBA Loan Borrower

AUSTIN AUTOHAUS
202 BELL STAR COURT
AUSTIN, TX 78753

SBA Loan Lender

WELLS FARGO BANK
912 S HWY 183
AUSTIN, TX 78741

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

811111 - General Automotive Repair

Loan Approval Date

11/12/2002

Loan Approval Gross Amount

$374,500

Loan Approval from the SBA

Of the total $374,500 loan amount, the SBA guaranteed $280,875.

More Information on This SBA Loan

The borrower, Austin Autohaus, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 4 existing jobs.

Next Steps for Getting an SBA Loan

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.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. If a firm like Austin Autohaus is able to get a $374,500 loan, why not give getting an SBA loan of your own a try?

About This SBA Loan Information:

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

Related Links:

Advice on Getting a Small Business Loan

SBA Banks in Austin, Texas

Where to Get an SBA Loan Texas

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