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| Entrepreneur Resources | Nexbank, Ssb Dallas Business Loans | ||||
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Austin, Texas Bank for SBA Loans
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Financing for Snack and Nonalcoholic Beverage BarsLooking for commercial loans for snack and nonalcoholic beverage bars? Talk to a banker who works with the SBA. This $150,000 snack and nonalcoholic beverage bars loan was issued by a Texas bank.
Getting a small business loan in Austin, Texas was important for Bhakti, Inc. back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Nexbank, Ssb, operating out of Dallas, Texas. Here are the details on this Texas small business loan. SBA Loan Borrower BHAKTI, INC. SBA Loan Lender NEXBANK, SSB This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722213 - Snack and Nonalcoholic Beverage Bars Loan Approval Date 6/10/2005 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower, Bhakti, Inc., borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. 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 Bhakti, Inc. is able to get a $150,000 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. Related Links: Role of Business Plan When Raising Money Good Banks for Small Business in Dallas, 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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