Randolph-Brooks Fcu Gives Business Loan to Timothy Waley Dba Perfecto Cleaners
Bank loans in Texas are tough to come by these days. We take a look at one Texas bank loan, provided by a Texas bank, that was approved by the SBA.
Timothy Waley Dba Perfecto Cleaners, 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 Randolph-Brooks Fcu. We've got the inside scoop on this Texas small business loan.
SBA Loan Borrower
Timothy Waley DBA Perfecto Cleaners
7104 Woodrow Ave
AUSTIN, TX 78757
SBA Loan Lender
RANDOLPH-BROOKS FCU
HARMON DR RANDOLPH AFB, BLDG
UNIVERSAL CITY, TX 78148
This lender processed this debt financing under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.
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
812320 - Drycleaning and Laundry Services (except Coin-Operated)
Loan Approval Date
2/15/2007
Loan Approval Gross Amount
$45,000
Loan Approval from the SBA
Of the total $45,000 loan amount, the SBA guaranteed $22,500.
More Information on This SBA Loan
The borrower, Timothy Waley Dba Perfecto Cleaners, 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 5 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 6 existing jobs.
Getting an SBA Loan For Your Business
If you are raising money in Austin TX, you ought to talk with a local Austin SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Austin businesses.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Randolph-Brooks Fcu that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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 7A Banks in Universal City, Texas
SBA Participating Banks in Texas
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