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| Entrepreneur Resources | Bank Of America Charlotte Business Loans | ||||
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SBA 7A Banks for Austin Businesses
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Where to Get Capital for Electronic ShoppingLooking for small business loans for electronic shopping? Talk to a banker who works with the SBA. This $25,000 electronic shopping loan was issued by a North Carolina bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Austin, Texas was able to borrow $25,000 from Bank Of America. The SBA made the loan possible by guaranteeing $12,500 of this Texas small business loan. SBA Loan Borrower Eric Alvarado dba Realm of Fan SBA Loan Lender BANK OF AMERICA The lender provided this commercial loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 454111 - Electronic Shopping Loan Approval Date 10/29/2004 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $12,500. More Information on This SBA Loan The borrower, Eric Alvarado Dba Realm Of Fan, borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? If you are wondering how to find money to start a business or already have a business and need money to expand, an SBA loan can be a great funding source 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 Bank Of America 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: Who Lends Money to Small Businesses in Charlotte, North Carolina Getting an SBA Loan in North Carolina 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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