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April 28, 2024  
 
 
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Loan Census SBA Loan Info

Missouri City, TX Entrepreneur Gets SBA Loan to Buy Servpro Franchise

Need a loan to buy a Servpro franchise? The Frost National Bank has a history of making these loans and they are guaranteed by the SBA.

Servpro franchise loans are available to Missouri City, Texas entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, The Frost National Bank, based in San Antonio, Texas, issued an SBA franchise loan for a Servpro franchise in 2002. We've got all the details on this Texas small business loan.

SBA Loan Borrower

SERVPRO OF STAFFORD/MISSOURI C
MISSOURI CITY, TX 77459

SBA Loan Lender

THE FROST NATIONAL BANK
100 W HOUSTON ST
SAN ANTONIO, TX 78205

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811490 - Personal and Household Goods Repair and Maintenance

Loan Approval Date

1/28/2002

Loan Approval Gross Amount

$65,000

Loan Approval from the SBA

Of the total $65,000 loan amount, the SBA guaranteed $55,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Servpro franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 1 existing job.

Getting an SBA Loan For Your Business

If you are raising money in Missouri City TX, you ought to talk with a local Missouri City SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Missouri City businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $65,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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.

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