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| Entrepreneur Resources | First State Bank Central Texas Austin Business Loans | ||||
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Austin, Texas SBA Lenders
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Austin, Texas Bank Gives SBA Loan to Coulter Engineering, Inc. (oc)Thinking about meeting with an Austin, Texas bank about an SBA loan? Here's one Texas business loan, issued by an Austin bank, that was approved by the SBA.
Applying for an SBA loan with First State Bank Central Texas worked out well for our friends at Coulter Engineering, Inc. (oc) in Round Rock, Texas. The business was able to get an SBA loan for $95,400. Nice! SBA Loan Borrower COULTER ENGINEERING, INC. (OC) SBA Loan Lender FIRST STATE BANK CENTRAL TEXAS This lender issued this SBA loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 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. SIC Code 8711 - Engineering Services except Architectural and Phot NAICS Code 541330 - Engineering Services Loan Approval Date 4/22/2003 Loan Approval Gross Amount $95,400 Loan Approval from the SBA Of the total $95,400 loan amount, the SBA guaranteed $81,090. More Information on This SBA Loan The borrower, Coulter Engineering, Inc. (oc), 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 2 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees. This loan was paid in full, and was closed out on 3/30/2007. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as Coulter Engineering, Inc. (oc) walked into First State Bank Central Texas and applied for an SBA loan, you have to do the same thing. The sooner you start, the faster you'll get the money! About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Realistic Debt Financing Options Best Banks for Small Business in Austin, Texas SBA Participating Banks in 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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