Houston, Texas Bank Gives SBA Loan to Medical, Dental And Hospital Equipment Company

Thinking about meeting with a Houston, Texas bank about a small business loan? Here's one Oklahoma business loan, issued by a Houston bank, that was approved by the SBA.

Applying for an SBA loan with Banco Popular North America worked out well for our friends at one local company in Duncan, Oklahoma. The business was able to get an SBA loan for $257,300. Sweet!

SBA Loan Borrower

COMPANY TYPE: MEDICAL, DENTAL AND HOSPITAL EQUIPMENT
DUNCAN, OK 73533

SBA Loan Lender

BANCO POPULAR NORTH AMERICA
9413 JENSEN
HOUSTON, TX 77093

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide bank loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5047 - Medical, Dental and Hospital Equipment

NAICS Code

423450 - Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers

Loan Approval Date

11/13/2003

Loan Approval Gross Amount

$257,300

Loan Approval from the SBA

Of the total $257,300 loan amount, the SBA guaranteed $192,975.

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 6 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Banco Popular North America that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Bank Credit Lines

SBA Banks in Houston, Texas

Texas SBA 7A Lenders