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| Entrepreneur Resources | First State Bank Central Texas Austin Business Loans | ||||
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Get a Small Business Loan in Leander, Texas
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Design & Assembly Concepts, In Gets a Texas Bank LoanSmall business loans in Texas are are few and far betweeen these days. We take a look at one Texas small business loan, provided by a Texas bank, that was approved by the SBA.
Getting a small business loan in Leander, Texas was a top priority for Design & Assembly Concepts, In back in 2004 and, based on their loan application, they were successful in getting an SBA loan from First State Bank Central Texas. Here are the details on this Texas small business loan. SBA Loan Borrower DESIGN & ASSEMBLY CONCEPTS, IN 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. NAICS Code 541330 - Engineering Services Loan Approval Date 2/11/2004 Loan Approval Gross Amount $76,340 Loan Approval from the SBA Of the total $76,340 loan amount, the SBA guaranteed $64,889. More Information on This SBA Loan The borrower, Design & Assembly Concepts, In, 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 12 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan If you are wondering how to raise money for a business in Leander TX, you ought to talk with a local Leander SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Leander businesses. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: A Company That Helps Entrepreneurs Find an SBA Lender 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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