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November 14, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > San Antonio, Business Loans > The Frost National Bank San Antonio Business Loans > Orthopedic, Prosthetic And Other Surgical Supplies Loan | ||||
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Texas Bank SBA Loans
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The Frost National Bank SBA Loan to Orthopedic, Prosthetic And Other Surgical Supplies CompanySearching for a Texas SBA loan? Here's one Texas business loan that was approved by the SBA. This local small business knew how to go about getting a business bank loan. Based in Grand Prarie, Texas, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was The Frost National Bank, based in San Antonio, Texas. SBA Loan Borrower COMPANY TYPE: ORTHOPEDIC, PROSTHETIC AND OTHER SURGICAL SUPPLIES SBA Loan Lender THE FROST NATIONAL BANK This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3842 - Orthopedic, Prosthetic and Other Surgical Supplies Loan Approval Date 4/12/2000 Loan Approval Gross Amount $140,000 Loan Approval from the SBA Of the total $140,000 loan amount, the SBA guaranteed $105,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 21 employees. This SBA loan request did not indicate that the small business planned to use the money to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Determining Proper Capital Structure for a Business SBA 7A Banks in San Antonio, Texas
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