Financing for Durable Goods Wholesalers

With these loans for durable goods wholesalers, the SBA guarantees the lender that the loan will be repaid. This durable goods wholesalers loan for $94,000 was given to a Texas entrepreneur in 2001.

Getting a small business loan in Austin, Texas was important for Bella Bisque LLC back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Franklin Bank S.S.B., operating out of Houston, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

BELLA BISQUE LLC
4477 S LAMAR BLVD STE 560
AUSTIN, TX 78745

SBA Loan Lender

FRANKLIN BANK S.S.B.
9800 RICHMOND AVE, STE 680
HOUSTON, TX 77046

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

421990 - Other Miscellaneous Durable Goods Wholesalers

Loan Approval Date

9/25/2001

Loan Approval Gross Amount

$94,000

Loan Approval from the SBA

Of the total $94,000 loan amount, the SBA guaranteed $79,900.

More Information on This SBA Loan

The borrower, Bella Bisque LLC, borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. If a firm like Bella Bisque LLC is able to get a $94,000 loan, why not give getting an SBA loan of your own a try?

About This SBA Loan Information:

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

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