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April 28, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Arlington, Business Loans > The Frost National Bank Arlington Business Loans > Physicians Loan | ||||
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The Frost National Bank Commercial Loans
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Bank Loans for PhysiciansLooking for bank loans for physicians? Try the SBA. This $300,000 physicians loan was issued by a Texas bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Arlington, Texas was able to borrow $300,000 from The Frost National Bank. The SBA made the loan possible by guaranteeing $225,000 of this Texas small business loan. SBA Loan Borrower COMPANY TYPE: PHYSICIANS SBA Loan Lender THE FROST NATIONAL BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 621111 - Physicians Loan Approval Date 7/3/2002 Loan Approval Gross Amount $300,000 Loan Approval from the SBA Of the total $300,000 loan amount, the SBA guaranteed $225,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 2 existing jobs. Getting an SBA Loan For Your Business If you are working on finding 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. 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: SBA Approved Banks in Arlington, Texas
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