Where to Get Capital for New Single-Family Housing Construction
With these small business loans for new single-family housing construction, the SBA guarantees the lender that the loan will be repaid. This new single-family housing construction loan for $509,000 was given to a Texas entrepreneur in 2005.
Jose L Jauregui And Susan M Ja knew how to go about getting a business bank loan. Based in Austin, Texas, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Compass Bank, based in Birmingham, Alabama.
SBA Loan Borrower
JOSE L JAUREGUI AND SUSAN M JA
3660 STONERIDGE RD BUILDING
AUSTIN, TX 78746
SBA Loan Lender
COMPASS BANK
15 S 20TH ST
BIRMINGHAM, AL 35233
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
236115 - New Single-Family Housing Construction (except Operative Builders)
Loan Approval Date
5/20/2005
Loan Approval Gross Amount
$509,000
Loan Approval from the SBA
Of the total $509,000 loan amount, the SBA guaranteed $381,750.
More Information on This SBA Loan
The borrower, Jose L Jauregui And Susan M Ja, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 24 employees. The SBA loan application for the borrower indicated that the loan would help retain 24 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans provide smart, affordable business financing for small businesses looking to expand.
Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. If a firm like Jose L Jauregui And Susan M Ja is able to get a $509,000 loan, why not give getting an SBA loan of your own a try?
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
SBA Approved Banks in Birmingham, Alabama
Alabama SBA 7A Lenders
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.