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May 2, 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 > Furniture Stores Loan | ||||
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Texas Small Business Loans from The Frost National Bank
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Southlake, Texas Business Gets SBA-Guaranteed Funding from The Frost National BankThe Frost National Bank has a track record as a leading provider of SBA loans. Find out how this Texas entrepreneur received an SBA loan from them. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Southlake, Texas was able to borrow $80,000 from The Frost National Bank. The SBA made the loan possible by guaranteeing $64,000 of this Texas small business loan. SBA Loan Borrower COMPANY TYPE: FURNITURE STORES SBA Loan Lender THE FROST NATIONAL BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5712 - Furniture Stores Loan Approval Date 8/3/2000 Loan Approval Gross Amount $80,000 Loan Approval from the SBA Of the total $80,000 loan amount, the SBA guaranteed $64,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $80,000 loan. Remember, feel the fear, and do it anyway. 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: How Much Venture Capital Is There? Best Banks in North Richland Hills, Texas
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