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| Entrepreneur Resources | First Texas Bank Round Rock Business Loans | ||||
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Who Can Get a Business Loan in Austin, Texas?
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Commercial Loans for Offices of DentistsWith these commercial loans for offices of dentists, the SBA guarantees the lender that the loan will be repaid. This offices of dentists loan for $425,000 was given to a Texas entrepreneur in 2004.
Getting a small business loan in Austin, Texas was important for Avery Ranch Dental back in 2004 and, based on their loan application, they were successful in getting an SBA loan from First Texas Bank, operating out of Round Rock, Texas. Here are the details on this Texas small business loan. SBA Loan Borrower AVERY RANCH DENTAL SBA Loan Lender FIRST TEXAS BANK When this loan was made, this bank was part of the SBA's Certified Lenders Program (CLP). This program is designed to give rapid service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8021 - Offices and Clinics of Dentists NAICS Code 621210 - Offices of Dentists Loan Approval Date 4/12/2004 Loan Approval Gross Amount $425,000 Loan Approval from the SBA Of the total $425,000 loan amount, the SBA guaranteed $318,750. More Information on This SBA Loan The borrower, Avery Ranch Dental, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the business promised to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. Avery Ranch Dental needed a loan. First Texas Bank probably wouldn't have granted the loan based on the merits of the company, but with the SBA stepping up and agreeing to guarantee part of the loan, First Texas Bank made the loan. The end result was that Avery Ranch Dental was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Family and Friend Investors - Your First Financiers SBA Participating Banks in Round Rock, 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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