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April 19, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Austin, Business Loans > First State Bank Central Texas Austin Business Loans > Photofinishing Laboratories Loan | ||||
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Austin, Texas Bank for SBA Loans
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Photofinishing Laboratories Commercial LoansLooking for commercial loans for photofinishing laboratories? Try the SBA. This $101,000 photofinishing laboratories loan was issued by a Texas bank. This small business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with First State Bank Central Texas, out of Austin, Texas. The loan was granted and they received $101,000 to help grow their Austin, Texas business. SBA Loan Borrower COMPANY TYPE: PHOTOFINISHING LABORATORIES SBA Loan Lender FIRST STATE BANK CENTRAL TEXAS This lender issued this small business loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 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. NAICS Code 812921 - Photofinishing Laboratories Loan Approval Date 3/26/2004 Loan Approval Gross Amount $101,000 Loan Approval from the SBA Of the total $101,000 loan amount, the SBA guaranteed $85,850. 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 9 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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:
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