Business Loan from The Frost National Bank Given to Freestanding Ambulatory Surgical And Emergency Centers Company

The 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.

Getting a small business loan in Coppell, Texas was an essential business goal for this small business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from The Frost National Bank, operating out of San Antonio, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: FREESTANDING AMBULATORY SURGICAL AND EMERGENCY CENTERS
COPPELL, TX 75019

SBA Loan Lender

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

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621493 - Freestanding Ambulatory Surgical and Emergency Centers

Loan Approval Date

11/16/2001

Loan Approval Gross Amount

$350,000

Loan Approval from the SBA

Of the total $350,000 loan amount, the SBA guaranteed $262,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. 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 11 new jobs and retain 1 existing job.

Next Steps for Getting an SBA Loan

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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