Loans for Specialty Trade Contractors

With these loans for specialty trade contractors, the SBA guarantees the lender that the loan will be repaid. This specialty trade contractors loan for $57,240 was given to a Texas entrepreneur in 2006.

Getting a small business loan in Austin, Texas was important for Central Texas Coatings, LLC back in 2006 and, based on their loan application, they were successful in getting an SBA loan from University Fcu, operating out of Austin, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

CENTRAL TEXAS COATINGS, LLC
4714 FRONTIER TRAIL
AUSTIN, TX 78745

SBA Loan Lender

UNIVERSITY FCU
3305 STECK AVE
AUSTIN, TX 78757

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

238990 - All Other Specialty Trade Contractors

Loan Approval Date

2/24/2006

Loan Approval Gross Amount

$57,240

Loan Approval from the SBA

Of the total $57,240 loan amount, the SBA guaranteed $48,654.

More Information on This SBA Loan

The borrower, Central Texas Coatings, LLC, borrowed this money for a new 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 application for the borrower did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a business in Austin TX, you ought to talk with a local Austin SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Austin businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like University Fcu and they will explain how you can get an SBA loan for your company.

About This SBA Loan Information:

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

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