Prosperity Bank Gives SBA Loan to Custom Quality Marble

Want a Texas small business loan? This Texas entrepreneur got a small business loan, provided by a Texas bank that works with the SBA to help small business owners.

By giving the right information to Prosperity Bank, this Austin, Texas business was able to get an SBA loan. To get this loan, Custom Quality Marble gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back.

SBA Loan Borrower

CUSTOM QUALITY MARBLE
126 HURST CREEK ROAD
AUSTIN, TX 78734

SBA Loan Lender

PROSPERITY BANK
202 W COLORADO
LA GRANGE, TX 78945

This loan was provided by a small business banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan guaranty requests to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

326199 - All Other Plastics Product Manufacturing

Loan Approval Date

6/9/2003

Loan Approval Gross Amount

$897,500

Loan Approval from the SBA

Of the total $897,500 loan amount, the SBA guaranteed $673,125.

More Information on This SBA Loan

The borrower, Custom Quality Marble, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 15 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to add employees or retain any existing employees. This loan was paid in full, and was closed out on 9/29/2006.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this Custom Quality Marble loan from Prosperity Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

About This SBA Loan Information:

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

Related Links:

VC Firms on Twitter

Best La Grange, Texas Banks for Small Business

Texas SBA 7A Banks

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.