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| Entrepreneur Resources | Wells Fargo Bank Austin Business Loans | ||||
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Texas Bank SBA Loans
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Wells Fargo Bank SBA Loan to Aaa Flexible Pipe Cleaning CoWells Fargo Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Texas entrepreneur who tapped into the power of SBA loans.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in La Porte, Texas was able to borrow $1,184,100 from Wells Fargo Bank. The SBA made the loan possible by guaranteeing $888,075 of this Texas small business loan. SBA Loan Borrower AAA FLEXIBLE PIPE CLEANING CO SBA Loan Lender WELLS FARGO BANK This lender provides SBA loan for small businesses as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 562998 - All Other Miscellaneous Waste Management Services Loan Approval Date 11/15/2002 Loan Approval Gross Amount $1,184,100 Loan Approval from the SBA Of the total $1,184,100 loan amount, the SBA guaranteed $888,075. More Information on This SBA Loan The borrower, Aaa Flexible Pipe Cleaning Co, borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 40 employees. The SBA loan documents indicated that the loan would help retain 40 existing jobs. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan to Aaa Flexible Pipe Cleaning Co shows that any business with ambition and the right qualifications can get an SBA loan. About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Good Banks for Small Business in Austin, Texas SBA Participating Banks in 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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