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| Entrepreneur Resources | American Bank Of Commerce Wolfforth Business Loans | ||||
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Banks for Austin, Texas Entrepreneurs
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Raising Money for Specialized Design ServicesWith these business loans for specialized design services, the SBA guarantees the lender that the loan will be repaid. This specialized design services loan for $150,000 was given to a Texas entrepreneur in 2004.
Fairway Fashion received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with American Bank Of Commerce, out of Wolfforth, Texas. The loan was granted and they received $150,000 to help grow their Austin, Texas business. SBA Loan Borrower FAIRWAY FASHION SBA Loan Lender AMERICAN BANK OF COMMERCE The lender provided this SBA small business 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 541490 - Other Specialized Design Services Loan Approval Date 8/30/2004 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $75,000. More Information on This SBA Loan The borrower, Fairway Fashion, 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 only one employee. The loan application indicated that the loan would help generate 2 new jobs and retain 3 existing jobs. This loan was paid in full, and was closed out on 3/4/2008. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. We can help you find the best banks for small businesses in Austin or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Where to Get an SBA Loan in Wolfforth, Texas Browse All Business Loan Sources for 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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