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| Entrepreneur Resources | Compass Bank Birmingham Business Loans | ||||
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How to Get SBA Money in Austin, Texas
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Compass Bank Gives SBA Loan to Flooring ResourcesWould a Texas small business loan help your small business to grow and prosper? If so, you may want to talk with this Alabama bank, which offers SBA loans to Texas entrepreneurs.
You can learn something about getting a small business loan in Austin, Texas by studying this loan to Flooring Resources, made back in 2005. Banks like Compass Bank may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower FLOORING RESOURCES SBA Loan Lender COMPASS BANK This lender processed this loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 442210 - Floor Covering Stores Loan Approval Date 6/17/2005 Loan Approval Gross Amount $30,000 Loan Approval from the SBA Of the total $30,000 loan amount, the SBA guaranteed $15,000. More Information on This SBA Loan The borrower, Flooring Resources, 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 3 employees. The loan application indicated that the loan would help retain 3 existing jobs. Next Steps for Getting an SBA Loan SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. We've showcased information on this loan to Flooring Resources to let you know that businesses like yours can get an SBA loan. About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Obtaining Funding - How to Decide How Much to Raise Good Banks for Small Business in Birmingham, Alabama 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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