Small Business Loans for Site Preparation Contractors

With these small business loans for site preparation contractors, the SBA guarantees the lender that the loan will be repaid. This site preparation contractors loan for $142,400 was given to a Texas entrepreneur in 2004.

Getting a small business loan in Austin, Texas was important for Onsite View back in 2004 and, based on their loan application, they were successful in getting an SBA loan from American Bank Of Commerce, operating out of Wolfforth, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

ONSITE VIEW
2309 THORNTON RD.# H
AUSTIN, TX 78704

SBA Loan Lender

AMERICAN BANK OF COMMERCE
W 82ND ST AND US HWY 62/82
WOLFFORTH, TX 79382

This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

238910 - Site Preparation Contractors

Loan Approval Date

6/8/2004

Loan Approval Gross Amount

$142,400

Loan Approval from the SBA

Of the total $142,400 loan amount, the SBA guaranteed $121,040.

More Information on This SBA Loan

The borrower, Onsite View, borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The loan application did not indicate that the small business promised to use the funding to add employees or retain any existing employees. This loan was paid in full, and was closed out on 8/30/2007.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. Onsite View needed a loan. American Bank Of Commerce probably wouldn't have granted the loan based on the merits of the company, but with the SBA stepping up and agreeing to guarantee part of the loan, American Bank Of Commerce made the loan. The end result was that Onsite View was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

About This SBA Loan Information:

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

Related Links:

Angel Investors

Small Bank Loans in Wolfforth, Texas

Texas SBA 7A Banks

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