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November 21, 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 > Security Systems Services Loan | ||||
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The Frost National Bank
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The Frost National Bank SBA Loan to Security Systems Services CompanyThe 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. This growing company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with The Frost National Bank, out of San Antonio, Texas. The loan was granted and they received $395,000 to help grow their Houston, Texas business. SBA Loan Borrower COMPANY TYPE: SECURITY SYSTEMS SERVICES SBA Loan Lender THE FROST NATIONAL BANK This small business loan was issued under the SBA's Certified Lenders Program (CLP), which means that the lender has a successful SBA lending track record and are well trained in SBA policies and procedures. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7382 - Security Systems Services NAICS Code 561621 - Security Systems Services Loan Approval Date 5/19/2005 Loan Approval Gross Amount $395,000 Loan Approval from the SBA Of the total $395,000 loan amount, the SBA guaranteed $296,250. 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 39 employees. The SBA loan documents did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. We can help you find the best banks for small businesses in Houston or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Accountant's Role in Securing Financing Good Banks for Small Business in San Antonio, Texas
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