Loan Census Banking News and Information
November 22, 2024  
 
 
  Business Loan Information  
 

How to Get SBA Loans in San Antonio, Texas

 

 
Loan Census SBA Loan Info

Get an SBA Loan for Janitorial Services

Looking for small business loans for janitorial services? The SBA may be the answer. This $70,000 janitorial services loan was issued by a Texas bank.

This small firm received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with The Frost National Bank, out of San Antonio, Texas. The loan was granted and they received $70,000 to help grow their San Antonio, Texas business.

SBA Loan Borrower

COMPANY TYPE: JANITORIAL SERVICES
SAN ANTONIO, TX 78232

SBA Loan Lender

THE FROST NATIONAL BANK
100 W HOUSTON ST
SAN ANTONIO, TX 78205

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561720 - Janitorial Services

Loan Approval Date

9/27/2001

Loan Approval Gross Amount

$70,000

Loan Approval from the SBA

Of the total $70,000 loan amount, the SBA guaranteed $59,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 35 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.

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

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you need money to buy a business? 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:

Choosing VC Firms

Who Lends Money to Small Businesses in San Antonio, Texas

Getting an SBA Loan in Texas