SBA Loan from Prosper Bank Helps Advertising Agencies Company

Prosper 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 Richardson, Texas was an essential business goal for this firm back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Prosper Bank, operating out of Prosper, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: ADVERTISING AGENCIES
RICHARDSON, TX 75082

SBA Loan Lender

PROSPER BANK
805 E 1ST ST
PROSPER, TX 75078

This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541810 - Advertising Agencies

Loan Approval Date

9/21/2007

Loan Approval Gross Amount

$753,000

Loan Approval from the SBA

Of the total $753,000 loan amount, the SBA guaranteed $564,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower indicated that the loan would help retain 4 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Prosper Bank and they will explain how you can get an SBA loan for your company.

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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