SBA Loan from First State Bank Central Texas Helps Cothem Transportation Inc

An SBA loan from First State Bank Central Texas typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Dripping Springs, Texas business owner got a $18,800 loan.

Getting a small business loan in Dripping Springs, Texas was an essential business goal for Cothem Transportation Inc back in 2004 and, based on their loan application, they were successful in getting an SBA loan from First State Bank Central Texas, operating out of Austin, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

COTHEM TRANSPORTATION INC
1007 CANYON BEND DRIVE
DRIPPING SPRINGS, TX 78620

SBA Loan Lender

FIRST STATE BANK CENTRAL TEXAS
6500 N MOPAC, STE 1101
AUSTIN, TX 78731

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

484121 - General Freight Trucking, Long Distance, Truckload

Loan Approval Date

9/15/2004

Loan Approval Gross Amount

$18,800

Loan Approval from the SBA

Of the total $18,800 loan amount, the SBA guaranteed $9,400.

More Information on This SBA Loan

The borrower, Cothem Transportation Inc, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 7 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 5 existing jobs. This loan was paid in full, and was closed out on 1/31/2007.

Getting an SBA Loan For Your Business

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

We can help you find the best banks for small businesses in Dripping Springs or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

About This SBA Loan Information:

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

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