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| Entrepreneur Resources | First State Bank Central Texas Austin Business Loans | ||||
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SBA Lender Cedar Park Texas
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Commercial Loans for Furniture Merchant WholesalersLooking for commercial loans for furniture merchant wholesalers? An SBA loan may be just what you've been looking for. This $75,000 furniture merchant wholesalers loan was issued by a Texas bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Cedar Park, Texas was able to borrow $75,000 from First State Bank Central Texas. The SBA made the loan possible by guaranteeing $37,500 of this Texas small business loan. SBA Loan Borrower CONTRACT FURNITURE SERVICES IN SBA Loan Lender FIRST STATE BANK CENTRAL TEXAS This loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 423210 - Furniture Merchant Wholesalers Loan Approval Date 12/6/2004 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $37,500. More Information on This SBA Loan The borrower, Contract Furniture Services In, 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 3 employees. The SBA loan documents indicated that the loan would help retain 3 existing jobs. This loan was paid in full, and was closed out on 3/8/2006. 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. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan to Contract Furniture Services In 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: Role of Business Plan When Raising Money Small Business Banks 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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