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| Entrepreneur Resources | Bank Of America Charlotte Business Loans | ||||
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Austin, Texas Bank for SBA Loans
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Get an SBA Loan for Truck, Utility Trailer, and RV Rental and LeasingLooking for small business loans for truck, utility trailer, and rv rental and leasing? The SBA may be the answer. This $21,000 truck, utility trailer, and rv rental and leasing loan was issued by a North Carolina bank.
Ernies Mobile Truck knew how to go about getting a business bank loan. Based in Austin, Texas, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Bank Of America, based in Charlotte, North Carolina. SBA Loan Borrower ERNIES MOBILE TRUCK SBA Loan Lender BANK OF AMERICA This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 532120 - Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing Loan Approval Date 6/10/2003 Loan Approval Gross Amount $21,000 Loan Approval from the SBA Of the total $21,000 loan amount, the SBA guaranteed $10,500. More Information on This SBA Loan The borrower, Ernies Mobile Truck, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help retain 1 existing job. This loan was paid in full, and was closed out on 7/22/2004. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this Ernies Mobile Truck loan from Bank Of America 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: Dealing With Venture Capitalists Small Business Banks in Charlotte, North Carolina North Carolina SBA Bank Lenders 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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