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| Entrepreneur Resources | First State Bank Central Texas Austin Business Loans | ||||
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First State Bank Central Texas Lampasas, Texas
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Lampasas, Texas Business Gets SBA-Guaranteed Funding from First State Bank Central TexasFirst State Bank Central Texas has a track record as a leading provider of SBA loans. Find out how this Texas entrepreneur received an SBA loan from them.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Lampasas, Texas was able to borrow $64,000 from First State Bank Central Texas. The SBA made the loan possible by guaranteeing $54,400 of this Texas small business loan. SBA Loan Borrower A STEP UP SBA Loan Lender FIRST STATE BANK CENTRAL TEXAS This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8351 - Child Day Care Services NAICS Code 624410 - Child Day Care Services Loan Approval Date 6/5/2002 Loan Approval Gross Amount $64,000 Loan Approval from the SBA Of the total $64,000 loan amount, the SBA guaranteed $54,400. More Information on This SBA Loan The borrower, A Step Up, borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The loan application did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your Business The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like A Step Up did when it applied for and received this $64,000 loan. Remember, where there is a will, there is a way! About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Role of Business Plan When Raising Money Best Banks for Small Business in Austin, Texas Browse All Business Loan Sources for 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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