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| Entrepreneur Resources | American Bank Of Commerce Austin Business Loans | ||||
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Getting an SBA 7A Loan in Kyle, Texas
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Texas Bank Loan Issued to David M. Dillon, P.C.Texas bank loans are available to Texas firms through the SBA. In this case, a Texas bank provides the loan.
By giving the right information to American Bank Of Commerce, this Kyle, Texas business was able to get an SBA loan. To get this loan, David M. Dillon, P.C. gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower DAVID M. DILLON, P.C. SBA Loan Lender AMERICAN BANK OF COMMERCE This lender issued this particular loan for a small business under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 541110 - Offices of Lawyers Loan Approval Date 2/26/2001 Loan Approval Gross Amount $33,500 Loan Approval from the SBA Of the total $33,500 loan amount, the SBA guaranteed $28,475. More Information on This SBA Loan The borrower, David M. Dillon, P.C., borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. 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 David M. Dillon, P.C. walked into American Bank Of Commerce 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 7A Lenders 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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