Just Right Lawns Gets a Texas SBA Loan

SBA loans in Texas are tough to come by these days. We take a look at one Texas SBA loan, provided by an Alabama bank, that was approved by the SBA.

You can learn something about getting a small business loan in Austin, Texas by studying this loan to Just Right Lawns, 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

JUST RIGHT LAWNS
1105 S TRACE DR
AUSTIN, TX 78745

SBA Loan Lender

COMPASS BANK
15 S 20TH ST
BIRMINGHAM, AL 35233

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

541320 - Landscape Architectural Services

Loan Approval Date

3/3/2005

Loan Approval Gross Amount

$15,000

Loan Approval from the SBA

Of the total $15,000 loan amount, the SBA guaranteed $7,500.

More Information on This SBA Loan

The borrower, Just Right Lawns, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

We've showcased information on this loan to Just Right Lawns 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:

Choosing VC Firms

Where to Get an SBA Loan in Birmingham, Alabama

SBA Alabama Banks

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