SBA Loan from The Frost National Bank Helps Health And Personal Care Stores Company
The Frost National Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a Texas entrepreneur was able to get a loan to take a small business to the next level.
Getting a small business loan in Houston, Texas was an essential business goal for this firm 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: HEALTH AND PERSONAL CARE STORES
HOUSTON, TX 77098
SBA Loan Lender
THE FROST NATIONAL BANK
100 W HOUSTON ST
SAN ANTONIO, TX 78205
As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
446199 - Health and Personal Care Stores
Loan Approval Date
7/20/2001
Loan Approval Gross Amount
$328,000
Loan Approval from the SBA
Of the total $328,000 loan amount, the SBA guaranteed $246,000.
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 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs.
Start the Process for Getting an SBA Loan Today!
Many small businesses receive loans backed by the U.S. Small Business Administration.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like The Frost National Bank 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:
Business Incubators
Banks in San Antonio, Texas
Texas SBA Banks