SBA Loan from First State Bank Central Texas Helps General Long-Distance Freight Trucking Company
An SBA loan from First State Bank Central Texas typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Dripping Springs, Texas business owner got a $18,800 loan.
Getting a small business loan in Dripping Springs, Texas was an essential business goal for this company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from First State Bank Central Texas, operating out of Austin, Texas. Here are the details on this Texas small business loan.
SBA Loan Borrower
COMPANY TYPE: GENERAL LONG-DISTANCE FREIGHT TRUCKING
DRIPPING SPRINGS, TX 78620
SBA Loan Lender
FIRST STATE BANK CENTRAL TEXAS
6500 N MOPAC, STE 1101
AUSTIN, TX 78731
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
484121 - General Long-Distance Freight Trucking
Loan Approval Date
9/15/2004
Loan Approval Gross Amount
$18,800
Loan Approval from the SBA
Of the total $18,800 loan amount, the SBA guaranteed $9,400.
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 7 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 5 existing jobs.
Getting an SBA Loan For Your Business
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
We can help you find the best banks for small businesses in Dripping Springs 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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