Red Apple Computer Tutor Gets a Texas SBA Loan
Would a Texas SBA loan help your business get to the next level? If so, you may want to talk with this Texas bank, which offers SBA loans to Texas entrepreneurs.
Getting a small business loan in Austin, Texas was a top priority for Red Apple Computer Tutor back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Omnibank, National Association. Here are the details on this Texas small business loan.
SBA Loan Borrower
RED APPLE COMPUTER TUTOR
8608 MELSHIRE DRIVE
AUSTIN, TX 78757
SBA Loan Lender
OMNIBANK, NATIONAL ASSOCIATION
4328 OLD SPANISH TRL
HOUSTON, TX 77021
This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
8243 - Data Processing Schools
NAICS Code
611519 - Other Technical and Trade Schools
Loan Approval Date
3/4/2003
Loan Approval Gross Amount
$15,000
Loan Approval from the SBA
Of the total $15,000 loan amount, the SBA guaranteed $12,750.
More Information on This SBA Loan
The borrower, Red Apple Computer Tutor, borrowed this money for a new 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 only one employee. The SBA loan application for the borrower did not indicate that the business planned to use the money to add employees or retain any existing employees. This loan was paid in full, and was closed out on 2/4/2005.
Start the Process for Getting an SBA Loan Today!
SBA loans provide money to small business owners for working capital for other expenses.
The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. Red Apple Computer Tutor needed a loan. Omnibank, National Association 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, Omnibank, National Association made the loan. The end result was that Red Apple Computer Tutor 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:
Obtaining Funding From a Venture Capitalist
SBA Participating Banks in Houston, Texas
SBA Lenders in Texas
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