Austin, Texas Entrepreneur Gets an SBA Loan
Want a Texas small business loan? This Texas entrepreneur got a small business loan, provided by a Texas bank that works with the SBA to help small business owners.
Getting a small business loan in Austin, Texas was a top priority for this small company back in 2005 and, based on their loan application, they were successful in getting an SBA loan from United Central Bank. Here are the details on this Texas small business loan.
SBA Loan Borrower
COMPANY TYPE: POULTRY AND POULTRY PRODUCT MERCHANT WHOLESALERS
AUSTIN, TX 78728
SBA Loan Lender
UNITED CENTRAL BANK
4555 W WALNUT ST
GARLAND, TX 75042
This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
424440 - Poultry and Poultry Product Merchant Wholesalers
Loan Approval Date
1/5/2005
Loan Approval Gross Amount
$112,500
Loan Approval from the SBA
Of the total $112,500 loan amount, the SBA guaranteed $95,625.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had only one employee. The SBA loan documents indicated that the loan would help retain 1 existing job.
Next Steps for Getting an SBA Loan
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
We can help you find the best banks for small businesses in Austin or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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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