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| Entrepreneur Resources | First State Bank Central Texas Austin Business Loans | ||||
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We Needed an SBA Loan in Austin, Texas and We Got One!
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Furniture Stores Small Business LoansWith these small business loans for furniture stores, the SBA guarantees the lender that the loan will be repaid. This furniture stores loan for $260,000 was given to a Texas entrepreneur in 2003.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Austin, Texas was able to borrow $260,000 from First State Bank Central Texas. The SBA made the loan possible by guaranteeing $195,000 of this Texas small business loan. SBA Loan Borrower BEE CAVE CONTRACT LLC SBA Loan Lender FIRST STATE BANK CENTRAL TEXAS Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 442110 - Furniture Stores Loan Approval Date 6/3/2003 Loan Approval Gross Amount $260,000 Loan Approval from the SBA Of the total $260,000 loan amount, the SBA guaranteed $195,000. More Information on This SBA Loan The borrower, Bee Cave Contract LLC, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 14 employees. The loan application indicated that the loan would help retain 14 existing jobs. Start the Process for Getting an SBA Loan Today! For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like Bee Cave Contract LLC did when it applied for and received this $260,000 loan. Remember, anyone can do it... so why not you? About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Realistic Debt Financing Options SBA 7A Banks for Austin, Texas Loans 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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