Compass Bank Gives Business Loan to Peter Allman, Cpa Dba Allman And Associate

Texas SBA loans are available to Texas entrepreneurs through the SBA. In this case, an Alabama bank provides the loan.

By giving the right information to Compass Bank, this Austin, Texas business was able to get an SBA loan. To get this loan, Peter Allman, Cpa Dba Allman And Associate gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back.

SBA Loan Borrower

Peter Allman, CPA dba Allman and Associate
2414 Exposition Blvd, Ste B
Austin, TX 78703

SBA Loan Lender

COMPASS BANK
15 S 20TH ST
BIRMINGHAM, AL 35233

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541211 - Offices of Certified Public Accountants

Loan Approval Date

12/1/2006

Loan Approval Gross Amount

$195,000

Loan Approval from the SBA

Of the total $195,000 loan amount, the SBA guaranteed $146,250.

More Information on This SBA Loan

The borrower, Peter Allman, Cpa Dba Allman And Associate, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 2 new jobs and retain 1 existing job.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this Peter Allman, Cpa Dba Allman And Associate loan from Compass Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

About This SBA Loan Information:

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

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