Business Loans for Sign Manufacturing
Looking for business loans for sign manufacturing? The SBA may be the answer. This $198,000 sign manufacturing loan was issued by a Texas bank.
This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with The Frost National Bank, out of San Antonio, Texas. The loan was granted and they received $198,000 to help grow their Austin, Texas business.
SBA Loan Borrower
COMPANY TYPE: SIGN MANUFACTURING
AUSTIN, TX 78758
SBA Loan Lender
THE FROST NATIONAL BANK
100 W HOUSTON ST
SAN ANTONIO, TX 78205
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
339950 - Sign Manufacturing
Loan Approval Date
3/14/2003
Loan Approval Gross Amount
$198,000
Loan Approval from the SBA
Of the total $198,000 loan amount, the SBA guaranteed $99,000.
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 9 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 9 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
Every year, the SBA guarantees over $10 billion for loans just like this one.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like The Frost National Bank and they will explain how you can get an SBA loan for your company.
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:
Attracting Investors
SBA Participating Banks in San Antonio, Texas
Getting an SBA Loan in Texas