Financing for Activities Related to Real Estate

Looking for loans for activities related to real estate? Try the SBA. This $40,000 activities related to real estate loan was issued by a Virginia bank.

Redder Group LLC received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Capital One, out of Mclean, Virginia. The loan was granted and they received $40,000 to help grow their Austin, Texas business.

SBA Loan Borrower

REDDER GROUP LLC
2813 RIO GRANDO STREET
AUSTIN, TX 78706

SBA Loan Lender

CAPITAL ONE
1680 CAPITAL ONE DR
MCLEAN, VA 22102

The lender provided this SBA business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

531390 - Other Activities Related to Real Estate

Loan Approval Date

9/26/2002

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $20,000.

More Information on This SBA Loan

The borrower, Redder Group LLC, 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 documents indicated that the loan would help generate 1 new job and retain 2 existing jobs. This loan was paid in full, and was closed out on 11/30/2006.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Capital One and they will explain how you can get an SBA loan for your company.

About This SBA Loan Information:

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

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