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| Entrepreneur Resources | Prosperity Bank Austin Business Loans | ||||
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How to Get SBA Loans in Austin, Texas
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Snack and Nonalcoholic Beverage Bars Commercial LoansWith these commercial loans for snack and nonalcoholic beverage bars, the SBA guarantees the lender that the loan will be repaid. This snack and nonalcoholic beverage bars loan for $75,000 was given to a Texas entrepreneur in 2002.
Wild Wood Art Gallery,Wild Flo received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Prosperity Bank, out of Austin, Texas. The loan was granted and they received $75,000 to help grow their Austin, Texas business. SBA Loan Borrower WILD WOOD ART GALLERY,WILD FLO SBA Loan Lender PROSPERITY BANK This was a Low Documentation SBA loan. The SBA created this program to reduce the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722213 - Snack and Nonalcoholic Beverage Bars Loan Approval Date 9/3/2002 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $63,750. More Information on This SBA Loan The borrower, Wild Wood Art Gallery,Wild Flo, borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 8 employees. The loan application did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Many small businesses receive loans backed by the U.S. Small Business Administration. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan to Wild Wood Art Gallery,Wild Flo shows that any business with ambition and the right qualifications can get an SBA loan. About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Realistic Debt Financing Options SBA Participating Banks in Austin, Texas Where to Get an SBA Loan 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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