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May 6, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Alamo, Business Loans > The Frost National Bank Alamo Business Loans > Family Clothing Stores Loan | ||||
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Mcallen, Texas Bank for SBA Loans
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Family Clothing Stores Bank LoansWith these bank loans for family clothing stores, the SBA guarantees the lender that the loan will be repaid. This family clothing stores loan for $112,800 was given to a Texas entrepreneur in 2003. Getting a small business loan in Mcallen, Texas was important for this company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from The Frost National Bank, operating out of Alamo, Texas. Here are the details on this Texas small business loan. SBA Loan Borrower COMPANY TYPE: FAMILY CLOTHING STORES SBA Loan Lender THE FROST NATIONAL BANK This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 448140 - Family Clothing Stores Loan Approval Date 8/6/2003 Loan Approval Gross Amount $112,800 Loan Approval from the SBA Of the total $112,800 loan amount, the SBA guaranteed $95,880. 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 2 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. We've showcased information on this loan to let you know that businesses like yours 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: Raising VC Money for Social Networking Companies
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