Frisco, Texas Entrepreneur Gets a Business Loan
Would a Texas SBA loan help your business get to the next level? If so, you may want to talk with this California bank, which offers SBA loans to Texas entrepreneurs.
Getting a small business loan in Frisco, Texas was a top priority for this particular business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Nara Bank. Here are the details on this Texas small business loan.
SBA Loan Borrower
COMPANY TYPE: FULL-SERVICE RESTAURANTS
Frisco, TX 75034
SBA Loan Lender
3731 WILSHIRE BLVD, STE 1000
LOS ANGELES, CA 90010
This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
722110 - Full-Service Restaurants
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $150,000 loan amount, the SBA guaranteed $127,500.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had only one employee. This SBA loan request indicated that the loan would help generate 10 new jobs and retain 10 existing jobs.
Getting an SBA Loan For Your Business
If you are wondering how to raise money for a company in Frisco TX, you ought to talk with a local Frisco SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Frisco businesses.
There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.
Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!
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.
Famous Venture Capitalists
Best Banks for Small Business in Los Angeles, California
Getting an SBA Loan in California