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May 2, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > North Richland Hills, Business Loans > The Frost National Bank North Richland Hills Business Loans > Equipment Rental And Leasing Loan | ||||
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Banks in North Richland Hills, Texas That Make SBA Loans
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North Richland Hills, Texas Lender Lends Money to Equipment Rental And Leasing CompanyWant to talk with a North Richland Hills, Texas bank about an SBA loan? Here's one Texas business loan, issued by a North Richland Hills bank, that was approved by the SBA. Applying for an SBA loan with The Frost National Bank worked out well for our friends at one local firm in Arlington, Texas. They got an SBA loan for $932,300. Nice! SBA Loan Borrower COMPANY TYPE: EQUIPMENT RENTAL AND LEASING SBA Loan Lender THE FROST NATIONAL BANK This lender issued this loan for a small business under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 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. SIC Code 7359 - Equipment Rental and Leasing NAICS Code 562991 - Septic Tank and Related Services Loan Approval Date 5/24/2002 Loan Approval Gross Amount $932,300 Loan Approval from the SBA Of the total $932,300 loan amount, the SBA guaranteed $699,225. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 22 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your Business If you have been wondering how do i get money to start a business in Arlington TX, you ought to talk with a local Arlington SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Arlington businesses. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like The Frost National Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: SBA Participating Banks in North Richland Hills, Texas
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