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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 > Business Services Loan | ||||
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Banks in North Richland Hills, Texas That Make SBA Loans
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Entrepreneur Works With North Richland Hills, Texas Bank to Get an SBA LoanThinking about meeting 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 company in Fort Worth, Texas. They got an SBA loan for $59,400. Awesome! SBA Loan Borrower COMPANY TYPE: BUSINESS SERVICES SBA Loan Lender THE FROST NATIONAL BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7389 - Business Services NAICS Code 512240 - Sound Recording Studios Loan Approval Date 1/30/2006 Loan Approval Gross Amount $59,400 Loan Approval from the SBA Of the total $59,400 loan amount, the SBA guaranteed $50,490. 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 only one employee. This SBA loan request did not indicate that the company promised to use the funding to add employees or retain any existing employees. 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. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Microlending as a Small Business Funding Source Banks in North Richland Hills, Texas
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