Austin, Texas Bank Lends Money to Esotico in Austin, Texas

Find Austin, Texas banks that specialize in SBA 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
2700 BARTON CREEK BLVD
AUSTIN, TX 78735

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 business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445292 - Confectionery and Nut Stores

Loan Approval Date

10/3/2007

Loan Approval Gross Amount

$80,000

Loan Approval from the SBA

Of the total $80,000 loan amount, the SBA guaranteed $68,000.

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 loan would help create 5 new jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide money to small business owners for working capital for other expenses.

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.

Related Links:

Getting a Small Business Loan

SBA 7A Banks for Austin, Texas Loans

Texas SBA 7A Lenders

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