Austin, Texas Entrepreneur Gets an SBA Loan
TexasBusiness loans are available to Texas business owners through the SBA. In this case, a Texas bank provides the loan.
You can learn something about getting a small business loan in Austin, Texas by studying this loan to a local business, made back in 2002. Banks like Prosperity Bank may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: OFFICES AND CLINICS OF OPTOMETRISTS
AUSTIN, TX 78746
SBA Loan Lender
PROSPERITY BANK
1415 RANCH RD 620 SOUTH
LAKEWAY, TX 78734
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This small business loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
8042 - Offices and Clinics of Optometrists
NAICS Code
621320 - Optometrists
Loan Approval Date
10/8/2002
Loan Approval Gross Amount
$385,000
Loan Approval from the SBA
Of the total $385,000 loan amount, the SBA guaranteed $288,750.
More Information on This SBA Loan
The borrower 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 loan application did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.
Next Steps for Getting an SBA Loan
Many small businesses receive loans backed by the U.S. Small Business Administration.
This SBA loan was for $385,000. How would you spend $385,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.
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.
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