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| Entrepreneur Resources | University Fcu Austin Business Loans | ||||
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Austin SBA Lenders
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Austin, Texas Bank Gives SBA Loan to EsoticoGet to know Austin, Texas banks that specialize in small business loans and know how to work with entrepreneurs. University Fcu is one such bank, as evidenced by this SBA loan to Esotico.
Finding a small business loan in Austin, Texas starts with an understanding of who else has gotten loans in the area. In this case, Esotico received funding from University Fcu Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower ESOTICO SBA Loan Lender UNIVERSITY FCU This lender issued this SBA business loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 445292 - Confectionery and Nut Stores Loan Approval Date 5/9/2007 Loan Approval Gross Amount $288,800 Loan Approval from the SBA Of the total $288,800 loan amount, the SBA guaranteed $216,600. More Information on This SBA Loan The borrower, Esotico, borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower indicated that the funding would help create 5 new jobs. Start the Process for Getting an SBA Loan Today! Many small businesses receive loans backed by the U.S. Small Business Administration. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as Esotico walked into University Fcu and applied for an SBA loan, you have to do the same thing. The sooner you start, the faster you'll get the money! About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Obtaining Funding - Friends and Family Small Bank Loans in Austin, Texas Getting a Business Loan in Texas 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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