Business Loans for Offices of Real Estate Agents and Brokers

With these business loans for offices of real estate agents and brokers, the SBA guarantees the lender that the loan will be repaid. This offices of real estate agents and brokers loan for $20,000 was given to a Texas entrepreneur in 2007.

Lake Area Real Estate Inc received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Compass Bank, out of Birmingham, Alabama. The loan was granted and they received $20,000 to help grow their Austin, Texas business.

SBA Loan Borrower

LAKE AREA REAL ESTATE INC
1200 LAKEWAY DR STE 7
AUSTIN, TX 78734

SBA Loan Lender

COMPASS BANK
15 S 20TH ST
BIRMINGHAM, AL 35233

The lender provided this loan for a small business 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

531210 - Offices of Real Estate Agents and Brokers

Loan Approval Date

8/29/2007

Loan Approval Gross Amount

$20,000

Loan Approval from the SBA

Of the total $20,000 loan amount, the SBA guaranteed $10,000.

More Information on This SBA Loan

The borrower, Lake Area Real Estate Inc, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The loan application indicated that the loan would help retain 3 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

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.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan to Lake Area Real Estate Inc shows that any business with ambition and the right qualifications can get an SBA loan.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

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