SBA Loan from 1st National Bank - Beeville Helps Texas Service Industries LLC

1st National Bank - Beeville and the SBA work together to get business loans for growing small businesses. Here's an example of how a Texas entrepreneur was able to get a loan to take a small business to the next level.

Getting a small business loan in Austin, Texas was an essential business goal for Texas Service Industries LLC back in 2006 and, based on their loan application, they were successful in getting an SBA loan from 1st National Bank - Beeville, operating out of Beeville, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

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

SBA Loan Lender

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

The lender provided this small 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

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

Loan Approval Date

5/18/2006

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $125,000.

More Information on This SBA Loan

The borrower, Texas Service Industries 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 36 employees. The loan application indicated that the loan would help generate 14 new jobs and retain 36 existing jobs. This loan was paid in full, and was closed out on 7/2/2007.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

We've showcased information on this loan to Texas Service Industries LLC to let you know that businesses like yours can get an SBA loan.

About This SBA Loan Information:

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

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