Temple, Texas Business Gets SBA-Guaranteed Funding from First State Bank Central Texas

First State Bank Central Texas and the SBA work together to get business loans for growing small businesses. Here's an example of how a Texas entrepreneur was able to get a loan to take a small business to the next level.

Gorden Eye Associates P A 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 $150,000 to help grow their Temple, Texas business.

SBA Loan Borrower

GORDEN EYE ASSOCIATES P A
1618 CANYON CREEK DR STE 120
TEMPLE, TX 76502

SBA Loan Lender

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

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621111 - Offices of Physicians (except Mental Health Specialists)

Loan Approval Date

5/12/2003

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower, Gorden Eye Associates P A, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

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

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. If a firm like Gorden Eye Associates P A is able to get a $150,000 loan, why not give getting an SBA loan of your own a try?

About This SBA Loan Information:

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

Related Links:

The Art of Bootstrapping

Where to Get an SBA Loan in Austin, Texas

Getting an SBA Loan in Texas

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