Business Loan from First State Bank Central Texas Given to Cedar Shark

First 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.

Cedar Shark received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with First State Bank Central Texas, out of Austin, Texas. The loan was granted and they received $105,000 to help grow their Marble Falls, Texas business.

SBA Loan Borrower

CEDAR SHARK
PO BOX 519
MARBLE FALLS, TX 78654

SBA Loan Lender

FIRST STATE BANK CENTRAL TEXAS
6500 N MOPAC, STE 1101
AUSTIN, TX 78731

The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

238290 - Other Building Equipment Contractors

Loan Approval Date

10/17/2003

Loan Approval Gross Amount

$105,000

Loan Approval from the SBA

Of the total $105,000 loan amount, the SBA guaranteed $52,500.

More Information on This SBA Loan

The borrower, Cedar Shark, 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 4 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 4 existing jobs. This loan was paid in full, and was closed out on 3/4/2008.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Your solution for where to find money to start a business may be an SBA guaranteed loan. Cedar Shark 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:

Small Business Loan

Best Banks for Small Business in Austin, Texas

Getting an SBA Loan in Texas

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