Austin, Texas Entrepreneur Gets an SBA Loan

Texas business loans are available to Texas business owners through the SBA. In this case, a Texas bank provides the loan.

You can learn something about getting a small business loan in Austin, Texas by studying this loan to Underwood Optometry, made back in 2002. Banks like Prosperity Bank may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

UNDERWOOD OPTOMETRY
2901 S. CAPITAL OF TX, STE P
AUSTIN, TX 78746

SBA Loan Lender

PROSPERITY BANK
1415 RANCH RD 620 SOUTH
LAKEWAY, TX 78734

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This small business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8042 - Offices and Clinics of Optometrists

NAICS Code

621320 - Offices of Optometrists

Loan Approval Date

10/8/2002

Loan Approval Gross Amount

$385,000

Loan Approval from the SBA

Of the total $385,000 loan amount, the SBA guaranteed $288,750.

More Information on This SBA Loan

The borrower, Underwood Optometry, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. The loan application did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

This SBA loan was for $385,000. How would you spend $385,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at Underwood Optometry, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

About This SBA Loan Information:

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

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If you are an ambitious entrepreneur or an aspiring executive looking to get involved with a startup, please take the time to learn more about Gaebler Ventures.