Confectionery Manufacturing from Purchased Chocolate Bank Loans
With these bank loans for confectionery manufacturing from purchased chocolate, the SBA guarantees the lender that the loan will be repaid. This confectionery manufacturing from purchased chocolate loan for $35,000 was given to a Texas entrepreneur in 2007.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Austin, Texas was able to borrow $35,000 from Amer Bank. The SBA made the loan possible by guaranteeing $29,750 of this Texas small business loan.
SBA Loan Borrower
MILES OF CHOCOLATE INC
617-C CASTLE RIDGE RD
AUSTIN, TX 78746
SBA Loan Lender
AMER BANK
711 N CARANCAHUA
CORPUS CHRISTI, TX 78411
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
311330 - Confectionery Manufacturing from Purchased Chocolate
Loan Approval Date
2/9/2007
Loan Approval Gross Amount
$35,000
Loan Approval from the SBA
Of the total $35,000 loan amount, the SBA guaranteed $29,750.
More Information on This SBA Loan
The borrower, Miles Of Chocolate Inc, 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 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 2 existing jobs.
Getting an SBA Loan For Your Business
If you need business start up money in Austin TX, you ought to talk with a local Austin SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Austin businesses.
Your solution for where to find money to start a business may be an SBA guaranteed loan. Miles Of Chocolate Inc 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:
Advice on Getting a Small Business Loan
Where to Get an SBA Loan in Corpus Christi, Texas
Getting an SBA Loan in Texas
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