SBA Loan from Northstar Bank Of Texas Helps Fitness And Recreational Sports Centers Company

An SBA loan from Northstar Bank Of Texas typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Coppell, Texas business owner got a $32,000 loan.

Getting a small business loan in Coppell, Texas was an essential business goal for this company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Northstar Bank Of Texas, operating out of Denton, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: FITNESS AND RECREATIONAL SPORTS CENTERS
COPPELL, TX 75019

SBA Loan Lender

NORTHSTAR BANK OF TEXAS
400 N CARROLL BLVD
DENTON, TX 76201

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.

NAICS Code

713940 - Fitness and Recreational Sports Centers

Loan Approval Date

6/16/2004

Loan Approval Gross Amount

$32,000

Loan Approval from the SBA

Of the total $32,000 loan amount, the SBA guaranteed $27,200.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Northstar Bank Of Texas so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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Where to Get an SBA Loan in Denton, Texas

SBA Participating Banks in Texas