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November 23, 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 > Plastics Plumbing Fixture Manufacturing Loan | ||||
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Raising Money in Fort Worth, Texas With SBA Loans
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Where to Get Capital for Plastics Plumbing Fixture ManufacturingLooking for small business loans for plastics plumbing fixture manufacturing? Try the SBA. This $900,000 plastics plumbing fixture manufacturing loan was issued by a Texas bank. Getting a small business loan in Fort Worth, Texas was important for this company back in 2006 and, based on their loan application, they were successful in getting an SBA loan from The Frost National Bank, operating out of North Richland Hills, Texas. Here are the details on this Texas small business loan. SBA Loan Borrower COMPANY TYPE: PLASTICS PLUMBING FIXTURE MANUFACTURING SBA Loan Lender THE FROST NATIONAL BANK 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 326191 - Plastics Plumbing Fixture Manufacturing Loan Approval Date 4/20/2006 Loan Approval Gross Amount $900,000 Loan Approval from the SBA Of the total $900,000 loan amount, the SBA guaranteed $675,000. More Information on This SBA Loan The borrower borrowed this money for an existing 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 20 employees. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 20 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into The Frost National Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Small Bank Loans in North Richland Hills, Texas
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