Business Loans for Amusement and Recreation Industries

With these business loans for amusement and recreation industries, the SBA guarantees the lender that the loan will be repaid. This amusement and recreation industries loan for $840,000 was given to a Texas entrepreneur in 2006.

Getting a small business loan in Austin, Texas was important for Onion Creek Ballroom back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Guaranty Bank, operating out of Austin, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

ONION CREEK BALLROOM
9941 OLD LOCKHART ROAD
AUSTIN, TX 78747

SBA Loan Lender

GUARANTY BANK
1300 S MOPAC EXPWY
AUSTIN, TX 78746

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

713990 - All Other Amusement and Recreation Industries

Loan Approval Date

11/28/2006

Loan Approval Gross Amount

$840,000

Loan Approval from the SBA

Of the total $840,000 loan amount, the SBA guaranteed $630,000.

More Information on This SBA Loan

The borrower, Onion Creek Ballroom, borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 4 new jobs and retain 1 existing job.

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

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this Onion Creek Ballroom loan from Guaranty Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

About This SBA Loan Information:

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

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