Loan Census Banking News and Information
April 19, 2024  
 
 
  Business Loan Information  
 

Austin, Texas Bank for SBA Loans

 

 
Loan Census SBA Loan Info

Borrow Money to Buy a 1-800-Radiator Franchise

Need a loan to invest in a 1-800-Radiator franchise? First State Bank Central Texas has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a 1-800-Radiator franchise shouldn't be overly burdensome. In 2007, First State Bank Central Texas issued an SBA franchise loan to an entrepreneur in Austin, Texas. Because 1-800-Radiator was registered with the SBA's registry of franchises, this Texas small business loan was issued on an expedited basis.

SBA Loan Borrower

1-800-RADIATOR
AUSTIN, TX 78745

SBA Loan Lender

FIRST STATE BANK CENTRAL TEXAS
6500 N MOPAC, STE 1101
AUSTIN, TX 78731

This SBA business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

441310 - Automotive Parts and Accessories Stores

Loan Approval Date

2/26/2007

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a 1-800-Radiator franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

While you may be able to borrow money from friends and family, 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:

1-800-Radiator

Obtaining Funding - Friends and Family

SBA 7A Banks in Austin, Texas

SBA Lenders in Texas