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| Entrepreneur Resources | Greater Bay Bank Palo Alto Business Loans | ||||
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Texas Small Business Loans from Greater Bay Bank
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Austin, Texas Business Gets SBA-Guaranteed Funding from Greater Bay BankGreater Bay Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a Texas entrepreneur was able to get a loan to take a small business to the next level.
Julian P. Phillips,Dvm,Dba Nor knew how to go about getting a business bank loan. Based in Austin, Texas, they applied for and received an SBA-guaranteed loan in 2006. The lending bank was Greater Bay Bank, based in Palo Alto, California. SBA Loan Borrower JULIAN P. PHILLIPS,DVM,DBA NOR SBA Loan Lender GREATER BAY BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 541940 - Veterinary Services Loan Approval Date 12/7/2006 Loan Approval Gross Amount $485,900 Loan Approval from the SBA Of the total $485,900 loan amount, the SBA guaranteed $364,425. More Information on This SBA Loan The borrower, Julian P. Phillips,Dvm,Dba Nor, borrowed this money for an existing business. The SBA's record indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 14 employees. The loan application indicated that the loan would help retain 14 existing jobs. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. Your solution for where to find money to start a business may be an SBA guaranteed loan. Julian P. Phillips,Dvm,Dba Nor recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Banks in Palo Alto, California 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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