Getting an SBA Loan for Offices of Mental Health Practitioners

Looking for commercial loans for offices of mental health practitioners? Talk to a banker who works with the SBA. This $50,000 offices of mental health practitioners loan was issued by a Texas bank.

Austin Psychological & Testing knew how to go about getting a business bank loan. Based in Round Rock, Texas, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Wells Fargo Bank, based in Austin, Texas.

SBA Loan Borrower

AUSTIN PSYCHOLOGICAL & TESTING
5806 MESA #220
ROUND ROCK, TX 78731

SBA Loan Lender

WELLS FARGO BANK
912 S HWY 183
AUSTIN, TX 78741

This lender processed this debt financing under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

621330 - Offices of Mental Health Practitioners (except Physicians)

Loan Approval Date

12/21/2001

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

More Information on This SBA Loan

The borrower, Austin Psychological & Testing, borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 1 existing job. This loan was paid in full, and was closed out on 10/15/2003.

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

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Wells Fargo Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

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