Entrepreneur Works With Corpus Christi, Texas Bank to Get an SBA Loan
Get to know Corpus Christi, Texas banks that specialize in SBA loans and know how to work with entrepreneurs. Amer Bank is one such bank, as evidenced by this SBA loan to Bodybusiness Ltd Bodybusiness.
Finding a small business loan in Austin, Texas starts with an understanding of who else has gotten loans in the area. In this case, Bodybusiness Ltd Bodybusiness received funding from Amer Bank Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.
SBA Loan Borrower
BODYBUSINESS LTD BODYBUSINESS
3801 N CAPITAL OF TEXAS HWY
AUSTIN, TX 78746
SBA Loan Lender
AMER BANK
711 N CARANCAHUA
CORPUS CHRISTI, TX 78411
This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
812990 - All Other Personal Services
Loan Approval Date
12/31/2007
Loan Approval Gross Amount
$75,000
Loan Approval from the SBA
Of the total $75,000 loan amount, the SBA guaranteed $63,750.
More Information on This SBA Loan
The borrower, Bodybusiness Ltd Bodybusiness, borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 100 employees. The SBA loan application for the borrower indicated that the loan would help retain 100 existing jobs.
Getting an SBA Loan For Your Business
Don't apply for a loan directly with the SBA. You need to 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've showcased information on this loan to Bodybusiness Ltd Bodybusiness to let you know that businesses like yours can get an SBA loan.
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's SBA loan database.
Related Links:
Obtaining Funding - How to Borrow Money
Small Business Banks in Corpus Christi, Texas
Getting an SBA Loan in Texas
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