Austin, Texas Lender Lends Money to Brian J Roark
Find Austin, Texas banks that specialize in small business loans and know how to work with entrepreneurs. First State Bank Central Texas is one such bank, as evidenced by this SBA loan to Brian J Roark.
Finding a small business loan in Austin, Texas starts with an understanding of who else has gotten loans in the area. In this case, Brian J Roark received funding from First State Bank Central Texas Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.
SBA Loan Borrower
BRIAN J ROARK
812 SAN ANTONIO SUITE 305
AUSTIN, TX 78701
SBA Loan Lender
FIRST STATE BANK CENTRAL TEXAS
6500 N MOPAC, STE 1101
AUSTIN, TX 78731
The lender provided this debt financing through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
541110 - Offices of Lawyers
Loan Approval Date
10/24/2003
Loan Approval Gross Amount
$20,000
Loan Approval from the SBA
Of the total $20,000 loan amount, the SBA guaranteed $10,000.
More Information on This SBA Loan
The borrower, Brian J Roark, borrowed this money for an existing business. The SBA's record indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had only one employee. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 1 existing job. This loan was paid in full, and was closed out on 11/22/2006.
Next Steps for Getting an SBA Loan
SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.
Your solution for where to find money to start a business may be an SBA guaranteed loan. Brian J Roark recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's SBA loan database.
Related Links:
Understanding Dilution
Best Banks for Small Business in Austin, Texas
Where to Get an SBA Loan Texas
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