Austin, Texas Bank Gives SBA Loan to Cothern Transportation Inc

Get SBA loans from an Austin, Texas bank that knows how to treat small business owners right! If Cothern Transportation Inc can get a loan, there's no reason you can't do it too.

First State Bank Central Texas is a Austin, Texas small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to Cothern Transportation Inc a Texas company.

SBA Loan Borrower

COTHERN 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 lender processed this SBA business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

11/18/2003

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

More Information on This SBA Loan

The borrower, Cothern 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 4 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 4 existing jobs. This loan was paid in full, and was closed out on 1/29/2007.

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.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First State Bank Central Texas that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

About This SBA Loan Information:

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

Related Links:

Business Credit Evaluation

Where to Get an SBA Loan in Austin, Texas

SBA Texas Lenders

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