Wells Fargo Bank Gives Small Business Loan to Austin Psychological And Testi

SBA loans in Texas are hard to find these days. We take a look at one Texas SBA loan, provided by a Texas bank, that was approved by the SBA.

By giving the right information to Wells Fargo Bank, this Round Rock, Texas business was able to get an SBA loan. To get this loan, Austin Psychological And Testi gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back.

SBA Loan Borrower

AUSTIN PSYCHOLOGICAL AND TESTI
5806 MESA # 220
ROUND ROCK, TX 78731

SBA Loan Lender

WELLS FARGO BANK
912 S HWY 183
AUSTIN, TX 78741

This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621330 - Offices of Mental Health Practitioners (except Physicians)

Loan Approval Date

12/21/2001

Loan Approval Gross Amount

$293,500

Loan Approval from the SBA

Of the total $293,500 loan amount, the SBA guaranteed $220,125.

More Information on This SBA Loan

The borrower, Austin Psychological And Testi, 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 SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 1 existing job. This loan was paid in full, and was closed out on 1/5/2007.

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

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. Austin Psychological And Testi needed a loan. Wells Fargo Bank probably wouldn't have granted the loan based on the merits of the company, but with the SBA stepping up and agreeing to guarantee part of the loan, Wells Fargo Bank made the loan. The end result was that Austin Psychological And Testi was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

About This SBA Loan Information:

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

Related Links:

Microlending as a Small Business Funding Source

Where to Get an SBA Loan in Austin, Texas

Getting an SBA Loan in Texas

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