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| Entrepreneur Resources | Compass Bank Birmingham Business Loans | ||||
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Examples of Austin SBA Loans
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Raising Money for Pet and Pet Supplies StoresWith these bank loans for pet and pet supplies stores, the SBA guarantees the lender that the loan will be repaid. This pet and pet supplies stores loan for $459,000 was given to a Texas entrepreneur in 2003.
Getting a small business loan in Austin, Texas was important for Austin Typewriter, Inc. back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Compass Bank, operating out of Birmingham, Alabama. Here are the details on this Texas small business loan. SBA Loan Borrower AUSTIN TYPEWRITER, INC. SBA Loan Lender COMPASS BANK This debt financing was provided by a lender with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan guaranty requests to the SBA get more expeditious service from the SBA on their loan applications. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5044 - Office Equipment NAICS Code 453910 - Pet and Pet Supplies Stores Loan Approval Date 12/19/2003 Loan Approval Gross Amount $459,000 Loan Approval from the SBA Of the total $459,000 loan amount, the SBA guaranteed $344,250. More Information on This SBA Loan The borrower, Austin Typewriter, 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 12 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees. 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. 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 Compass Bank 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: Microlending as a Small Business Funding Source Where to Get an SBA Loan in Birmingham, Alabama Getting an SBA Loan in 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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