How to Get a Loan for Musical Instrument and Supplies Stores

Looking for SBA loans for musical instrument and supplies stores? An SBA loan may be just what you've been looking for. This $276,200 musical instrument and supplies stores loan was issued by a Delaware bank.

Getting a small business loan in Austin, Texas was important for Bass Emporium back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Lehman Brothers Bank, Fsb, operating out of Wilmington, Delaware. Here are the details on this Texas small business loan.

SBA Loan Borrower

BASS EMPORIUM
8312 BURNET ROAD SUITE 101
AUSTIN, TX 78757

SBA Loan Lender

LEHMAN BROTHERS BANK, FSB
1000 WEST ST, STE 200
WILMINGTON, DE 19801

This lender provides SBA guaranteed bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

451140 - Musical Instrument and Supplies Stores

Loan Approval Date

9/28/2004

Loan Approval Gross Amount

$276,200

Loan Approval from the SBA

Of the total $276,200 loan amount, the SBA guaranteed $207,150.

More Information on This SBA Loan

The borrower, Bass Emporium, 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 indicated that the loan would help retain 1 existing job.

Great, But How Can I Get an SBA Loan for My Business?

Don't forget. To get an SBA loan, you must 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.

We can help you find the best banks for small businesses in Austin or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

About This SBA Loan Information:

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

Related Links:

Obtaining Funding - Friends and Family

SBA Approved Banks in Wilmington, Delaware

Delaware SBA 7A Banks

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