 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
|
|
|
|
||
| Entrepreneur Resources | First State Bank Central Texas Austin Business Loans | ||||
 |
||||
Getting a Commercial Loan from First State Bank Central Texas
|
||||
 |
Business Loan from First State Bank Central Texas Given to Cothern Transportation, Inc.First State Bank Central Texas has a track record as a leading provider of SBA loans. Find out how this Texas entrepreneur received an SBA loan from them.
Cothern Transportation, Inc. received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with First State Bank Central Texas, out of Austin, Texas. The loan was granted and they received $74,250 to help grow their Dripping Springs, Texas business. SBA Loan Borrower COTHERN TRANSPORTATION, INC. SBA Loan Lender FIRST STATE BANK CENTRAL TEXAS The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA small business loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 4213 - Trucking, Except Local NAICS Code 484121 - General Freight Trucking, Long Distance, Truckload Loan Approval Date 10/24/2002 Loan Approval Gross Amount $74,250 Loan Approval from the SBA Of the total $74,250 loan amount, the SBA guaranteed $63,113. More Information on This SBA Loan The borrower, Cothern Transportation, Inc., borrowed this money for an existing business. According to the loan information, this was not a franchise loan. 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 loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. Cothern Transportation, Inc. needed a loan. First State Bank Central Texas probably wouldn't have granted the loan based on the merits of the company, but with the SBA stepping up and agreeing to guarantee part of the loan, First State Bank Central Texas made the loan. The end result was that Cothern Transportation, Inc. was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Realistic Debt Financing Options SBA Participating 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.
|
|
||
|
||||
|
|
||||
