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November 14, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Austin, Business Loans > American Bank Of Commerce Austin Business Loans > Postnet Loan | ||||
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How to Get SBA Loans in Austin, Texas
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Austin, TX Entrepreneur Gets SBA Loan to Buy Post Net FranchiseNeed a loan to buy a Post Net franchise? American Bank Of Commerce has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Austin, Texas needed money to invest in a Post Net franchise back in 2003. American Bank Of Commerce issued an SBA franchise loan. Here are the details on this Texas small business loan. SBA Loan Borrower POSTNET SBA Loan Lender AMERICAN BANK OF COMMERCE This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 561431 - Private Mail Centers Loan Approval Date 4/8/2003 Loan Approval Gross Amount $123,200 Loan Approval from the SBA Of the total $123,200 loan amount, the SBA guaranteed $104,720. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Post Net franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $123,200 loan. Remember, you control your own destiny. 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: PostNet Postal & Business Services Obtaining Funding - Getting Venture Capital Small Bank Loans in Austin, Texas
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