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April 28, 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 > Pro-Cuts Loan | ||||
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Business Loans for Fort Worth Entrepreneurs
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Loan to Buy Pro Cuts Franchise Issued By The Frost National BankBorrowing money to purchase a Pro Cuts franchise? The Frost National Bank has a history of making these loans and they are guaranteed by the SBA. Pro Cuts franchise loans are available to Fort Worth, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, The Frost National Bank, based in North Richland Hills, Texas, issued an SBA franchise loan for a Pro Cuts franchise in 2002. We've got all the details on this Texas small business loan. SBA Loan Borrower PRO-CUTS SBA Loan Lender THE FROST NATIONAL BANK This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812112 - Beauty Salons Loan Approval Date 7/18/2002 Loan Approval Gross Amount $93,300 Loan Approval from the SBA Of the total $93,300 loan amount, the SBA guaranteed $79,305. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Pro Cuts franchise. At the time of the loan, the company had 6 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. We can help you find the best banks for small businesses in Fort Worth or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Dealing With Venture Capitalists Who Lends Money to Small Businesses in North Richland Hills, Texas Where to Get an SBA Loan Texas
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