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May 1, 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 > Comet Cleaners Loan | ||||
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Fort Worth, Texas Bank for SBA Loans
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Texas Entrepreneur Secures Financing to Buy Comet One-Hour Dry Cleaners FranchiseNeed a loan to buy a Comet One-Hour Dry Cleaners franchise? The Frost National Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Fort Worth, Texas needed money to invest in a Comet One-Hour Dry Cleaners franchise back in 2004. The Frost National Bank issued an SBA franchise loan. Here are the details on this Texas small business loan. SBA Loan Borrower COMET CLEANERS 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 812320 - Drycleaning and Laundry Services Loan Approval Date 12/20/2004 Loan Approval Gross Amount $411,000 Loan Approval from the SBA Of the total $411,000 loan amount, the SBA guaranteed $308,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Comet One-Hour Dry Cleaners franchise. At the time of the loan, the company had 11 employees. This SBA loan request indicated that the loan would help retain 11 existing jobs. Next Steps for Getting an SBA Loan If you need money to start business in Fort Worth TX, you ought to talk with a local Fort Worth SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Fort Worth businesses. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from The Frost National Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Where to Get an SBA Loan in North Richland Hills, Texas
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