Austin, Texas Lender Lends Money to 1st Choice Accommodations LLC

Find Austin, Texas banks that specialize in business loans and know how to work with entrepreneurs. Wells Fargo Bank is one such bank, as evidenced by this SBA loan to 1st Choice Accommodations LLC.

Finding a small business loan in Dallas, Texas starts with an understanding of who else has gotten loans in the area. In this case, 1st Choice Accommodations LLC received funding from Wells Fargo Bank Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

1ST CHOICE ACCOMMODATIONS LLC
4849 GREENVILLE AVENUE SUITE
DALLAS, TX 75206

SBA Loan Lender

WELLS FARGO BANK
912 S HWY 183
AUSTIN, TX 78741

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

721310 - Rooming and Boarding Houses

Loan Approval Date

7/10/2001

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, 1st Choice Accommodations LLC, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower indicated that the loan would help generate 19 new jobs and retain 5 existing jobs. This loan was paid in full, and was closed out on 10/24/2007.

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

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

We've showcased information on this loan to 1st Choice Accommodations LLC 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.

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