Austin, Texas Entrepreneur Gets an SBA Loan
Would a Texas bank loan help help your firm avoid a serious cash crunch? 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 Austin Metro Realty, made back in 2008. Banks like Jpmorgan Chase Bank may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
Austin Metro Realty
1309 Bentwood Rd
AUSTIN, TX 78722
SBA Loan Lender
JPMORGAN CHASE BANK
811 RUSK ST., 16TH FL
HOUSTON, TX 77002
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
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
531210 - Offices of Real Estate Agents and Brokers
Loan Approval Date
2/11/2008
Loan Approval Gross Amount
$25,000
Loan Approval from the SBA
Of the total $25,000 loan amount, the SBA guaranteed $12,500.
More Information on This SBA Loan
The borrower, Austin Metro Realty, 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. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 4 existing jobs.
Getting an SBA Loan For Your Business
If you need business start up money in Austin TX, you ought to talk with a local Austin SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Austin businesses.
SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as Austin Metro Realty walked into Jpmorgan Chase Bank and applied for an SBA loan, you have to do the same thing. The sooner you start, the faster you'll get the money!
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's SBA loan database.
Related Links:
How to Raise Money
SBA 7A Banks for Houston, Texas Loans
SBA Texas Lenders
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