Texas Small Business Loan Issued to Texas Service Industries LLC

SBA loans in Texas are are few and far betweeen these days. We take a look at one Texas SBA loan, provided by a Texas bank, that was approved by the SBA.

Texas Service Industries LLC, based in Austin, Texas, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from 1st National Bank - Beeville. We've got the inside scoop on this Texas small business loan.

SBA Loan Borrower

TEXAS SERVICE INDUSTRIES LLC
915A W HOWARD LANE
AUSTIN, TX 78753

SBA Loan Lender

1ST NATIONAL BANK - BEEVILLE
1400 E HOUSTON ST
BEEVILLE, TX 78104

This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

532490 - Other Commercial and Industrial Machinery and Equipment Rental and Leasing

Loan Approval Date

5/18/2006

Loan Approval Gross Amount

$631,500

Loan Approval from the SBA

Of the total $631,500 loan amount, the SBA guaranteed $473,625.

More Information on This SBA Loan

The borrower, Texas Service Industries LLC, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 36 employees. This SBA loan request indicated that the loan would help generate 14 new jobs and retain 36 existing jobs.

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

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like Texas Service Industries LLC did when it applied for and received this $631,500 loan. Remember, fight for what you want, and it will be yours!

About This SBA Loan Information:

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

Related Links:

Advice on Getting a Small Business Loan

Best Banks for Small Business in Beeville, Texas

Getting an SBA Loan in Texas

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