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November 14, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Lakeway, Business Loans > Prosperity Bank Lakeway Business Loans > Motorcycle Dealers Loan | ||||
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Lakeway, Texas SBA Banks
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Lakeway, Texas Lender Lends Money to Motorcycle Dealers CompanyThinking about meeting with a Lakeway, Texas bank about an SBA loan? Here's one Texas business loan, issued by a Lakeway bank, that was approved by the SBA. Applying for an SBA loan with Prosperity Bank worked out well for our friends at one local firm in Austin, Texas. They received an SBA loan for $500,000. Way to go! SBA Loan Borrower COMPANY TYPE: MOTORCYCLE DEALERS SBA Loan Lender PROSPERITY BANK This lender issued this SBA small business loan under the 7A SBA 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. SIC Code 5571 - Motorcycle Dealers NAICS Code 441221 - Motorcycle, ATV, and Personal Watercraft Dealers Loan Approval Date 11/27/2002 Loan Approval Gross Amount $500,000 Loan Approval from the SBA Of the total $500,000 loan amount, the SBA guaranteed $375,000. More Information on This SBA Loan The borrower 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 documents did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Prosperity Bank 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 publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: Best Banks for Small Business in Lakeway, Texas
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