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| Entrepreneur Resources | Security State Bank & Trust Fredericksburg Business Loans | ||||
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Security State Bank & Trust Austin, Texas
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Business Loan from Security State Bank & Trust Given to Urban Tan IncSecurity State Bank & Trust is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Texas entrepreneur who tapped into the power of SBA loans.
Urban Tan Inc received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Security State Bank & Trust, out of Fredericksburg, Texas. The loan was granted and they received $100,000 to help grow their Austin, Texas business. SBA Loan Borrower URBAN TAN INC SBA Loan Lender SECURITY STATE BANK & TRUST This lender issued this particular debt financing under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812199 - Other Personal Care Services Loan Approval Date 1/15/2004 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $85,000. More Information on This SBA Loan The borrower, Urban Tan Inc, 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 2 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. Getting an SBA Loan For Your Business If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great funding source The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Security State Bank & Trust are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Good Banks for Small Business in Fredericksburg, Texas SBA Participating Banks in Texas 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.
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