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| Entrepreneur Resources | Omnibank, National Association Austin Business Loans | ||||
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We Needed an SBA Loan in Irving, Texas and We Got One!
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Convenience Stores LoansWith these loans for convenience stores, the SBA guarantees the lender that the loan will be repaid. This convenience stores loan for $300,000 was given to a Texas entrepreneur in 2007.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Irving, Texas was able to borrow $300,000 from Omnibank, National Association. The SBA made the loan possible by guaranteeing $225,000 of this Texas small business loan. SBA Loan Borrower TAJ GROCERS SBA Loan Lender OMNIBANK, NATIONAL ASSOCIATION 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 bank 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. NAICS Code 445120 - Convenience Stores Loan Approval Date 1/11/2007 Loan Approval Gross Amount $300,000 Loan Approval from the SBA Of the total $300,000 loan amount, the SBA guaranteed $225,000. More Information on This SBA Loan The borrower, Taj Grocers, borrowed this money for a new 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 4 employees. The loan application did not indicate that the company planned to use the funding to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. Your solution for where to find money to start a business may be an SBA guaranteed loan. Taj Grocers 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: Obtaining Funding - Getting Venture Capital Small Bank Loans 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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