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| Entrepreneur Resources | American Bank Of Commerce Austin Business Loans | ||||
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How Hard Is It to Get a Small Business Loan in Austin, Texas?
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Raising Money for Software ReproducingLooking for bank loans for software reproducing? Talk to a banker who works with the SBA. This $150,000 software reproducing loan was issued by a Texas bank.
Xtreme Networx received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with American Bank Of Commerce, out of Austin, Texas. The loan was granted and they received $150,000 to help grow their Austin, Texas business. SBA Loan Borrower XTREME NETWORX SBA Loan Lender AMERICAN BANK OF COMMERCE 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 334611 - Software Reproducing Loan Approval Date 7/29/2003 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower, Xtreme Networx, borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the business planned to use the money to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. We've showcased information on this loan to Xtreme Networx to let you know that businesses like yours 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: Good Banks for Small Business in Austin, 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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