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| Entrepreneur Resources | Innovative Bank Oakland Business Loans | ||||
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Banks That Lend to Austin Small Businesses
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Austin, Texas Entrepreneur Gets a Bank LoanBusiness loans in Texas are tough to come by these days. We take a look at one Texas business loan, provided by a California bank, that was approved by the SBA.
By giving the right information to Innovative Bank, this Austin, Texas business was able to get an SBA loan. To get this loan, Miracle Method Of Central Texa gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower MIRACLE METHOD OF CENTRAL TEXA SBA Loan Lender INNOVATIVE BANK This lender processed this bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 236220 - Commercial and Institutional Building Construction Loan Approval Date 11/30/2006 Loan Approval Gross Amount $5,000 Loan Approval from the SBA Of the total $5,000 loan amount, the SBA guaranteed $2,500. More Information on This SBA Loan The borrower, Miracle Method Of Central Texa, borrowed this money for a new 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. 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. This SBA loan was for $5,000. How would you spend $5,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at Miracle Method Of Central Texa, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Find an SBA Lender in Oakland, 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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