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| Entrepreneur Resources | First State Bank Central Texas Austin Business Loans | ||||
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I Need an SBA Loan in Georgetown, Texas
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Crushed and Broken Limestone Mining Commercial LoansWith these commercial loans for crushed and broken limestone mining, the SBA guarantees the lender that the loan will be repaid. This crushed and broken limestone mining loan for $150,000 was given to a Texas entrepreneur in 2004.
Georgetown Stone Sales knew how to go about getting a business bank loan. Based in Georgetown, Texas, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was First State Bank Central Texas, based in Austin, Texas. SBA Loan Borrower GEORGETOWN STONE SALES SBA Loan Lender FIRST STATE BANK CENTRAL TEXAS This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 212312 - Crushed and Broken Limestone Mining Loan Approval Date 7/28/2004 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower, Georgetown Stone Sales, 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 18 employees. The SBA loan documents did not indicate that the business planned to use the funding to add employees or retain any existing employees. This loan was paid in full, and was closed out on 10/26/2007. Getting an SBA Loan For Your Business The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as Georgetown Stone Sales walked into First State Bank Central Texas and applied for an SBA loan, you have to do the same thing. The sooner you start, the faster you'll get the money! About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: 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.
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