Getting an SBA Loan for Drinking Places

Looking for commercial loans for drinking places? Try the SBA. This $346,000 drinking places 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 The Frost National Bank, out of San Antonio, Texas. The loan was granted and they received $346,000 to help grow their Austin, Texas business.

SBA Loan Borrower

COMPANY TYPE: DRINKING PLACES
AUSTIN, TX 78701

SBA Loan Lender

THE FROST NATIONAL BANK
100 W HOUSTON ST
SAN ANTONIO, TX 78205

This SBA loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

722410 - Drinking Places

Loan Approval Date

7/14/2004

Loan Approval Gross Amount

$346,000

Loan Approval from the SBA

Of the total $346,000 loan amount, the SBA guaranteed $173,000.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 loan application indicated that the loan would help generate 14 new jobs and retain 1 existing job.

Getting an SBA Loan For Your Business

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Obtaining Funding - How to Borrow Money

Who Lends Money to Small Businesses in San Antonio, Texas

SBA Texas Banks