The Huntington National Bank Gives SBA Loan to Dentists Company

SBA loans in Texas are hard to find these days. We take a look at one Texas SBA loan, provided by an Ohio bank, that was approved by the SBA.

Getting a small business loan in Houston, Texas was a top priority for this particular business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from The Huntington National Bank. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: DENTISTS
Houston, TX 77060

SBA Loan Lender

THE HUNTINGTON NATIONAL BANK
7 EASTON OVAL
COLUMBUS, OH 43219

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

621210 - Dentists

Loan Approval Date

6/28/2007

Loan Approval Gross Amount

$1,970,000

Loan Approval from the SBA

Of the total $1,970,000 loan amount, the SBA guaranteed $1,449,920.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 9 employees. This SBA loan request did not indicate that the company planned to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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.

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