Lampasas, Texas Bank Gives SBA Loan to Tin Top Roofing, Inc.

Thinking about meeting with a Lampasas, Texas bank about an SBA loan? Here's one Texas business loan, issued by a Lampasas bank, that was approved by the SBA.

Applying for an SBA loan with First Texas Bank worked out well for our friends at Tin Top Roofing, Inc. in Austin, Texas. They received an SBA loan for $37,000. Sweet!

SBA Loan Borrower

TIN TOP ROOFING, INC.
PO BOX 143682
AUSTIN, TX 78714

SBA Loan Lender

FIRST TEXAS BANK
501 E 3RD ST
LAMPASAS, TX 76550

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

235610 - Roofing, Siding, and Sheet Metal Contractors

Loan Approval Date

3/26/2002

Loan Approval Gross Amount

$37,000

Loan Approval from the SBA

Of the total $37,000 loan amount, the SBA guaranteed $31,450.

More Information on This SBA Loan

The borrower, Tin Top Roofing, Inc., borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees.

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

Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

Your solution for where to find money to start a business may be an SBA guaranteed loan. Tin Top Roofing, Inc. recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

About This SBA Loan Information:

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

Related Links:

Famous Venture Capitalists

SBA Approved Banks in Lampasas, Texas

Texas SBA Bank Lenders

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