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| Entrepreneur Resources | University Fcu Austin Business Loans | ||||
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Austin, Texas SBA Lenders
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Austin, Texas Lender Lends Money to Ms. Cheryl's Creative DevelopmGet to know Austin, Texas banks that specialize in business loans and know how to work with entrepreneurs. University Fcu is one such bank, as evidenced by this SBA loan to Ms. Cheryl's Creative Developm.
Finding a small business loan in Mcdade, Texas starts with an understanding of who else has gotten loans in the area. In this case, Ms. Cheryl's Creative Developm received funding from University Fcu Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower MS. CHERYL'S CREATIVE DEVELOPM SBA Loan Lender UNIVERSITY FCU This lender issued this SBA loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 624410 - Child Day Care Services Loan Approval Date 11/16/2005 Loan Approval Gross Amount $62,400 Loan Approval from the SBA Of the total $62,400 loan amount, the SBA guaranteed $53,040. More Information on This SBA Loan The borrower, Ms. Cheryl's Creative Developm, borrowed this money for a new 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 only one employee. The SBA loan documents did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you need money to start a small business or need money to grow a business, an SBA loan can be a great source of funding. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like University Fcu that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: SBA Approved Banks 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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