Bank Loans for General Freight Trucking, Long Distance, Truckload
Looking for bank loans for general freight trucking, long distance, truckload? Talk to a banker who works with the SBA. This $62,800 general freight trucking, long distance, truckload loan was issued by a Texas bank.
Getting a small business loan in Dripping Springs, Texas was important for Cothern 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
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 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
484121 - General Freight Trucking, Long Distance, Truckload
Loan Approval Date
7/27/2004
Loan Approval Gross Amount
$62,800
Loan Approval from the SBA
Of the total $62,800 loan amount, the SBA guaranteed $31,400.
More Information on This SBA Loan
The borrower, Cothern Transportation Inc, 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 5 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 5 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
Every year, the SBA guarantees over $10 billion for loans just like this one.
Your solution for where to find money to start a business may be an SBA guaranteed loan. Cothern Transportation Inc recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's SBA loan database.
Related Links:
Determining Proper Capital Structure for a Business
Good Banks for Small Business in Austin, Texas
Texas SBA Banks
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