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November 15, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Mcallen, Business Loans > Inter National Bank Mcallen Business Loans > Specialty Hospitals Loan | ||||
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Mcallen, Texas SBA Lenders
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Mcallen, Texas Lender Lends Money to Specialty Hospitals CompanyThinking about meeting with a Mcallen, Texas bank about an SBA loan? Here's one Texas business loan, issued by a Mcallen bank, that was approved by the SBA. Applying for an SBA loan with Inter National Bank worked out well for our friends at one local business in San Benito, Texas. They got an SBA loan for $81,600. Way to go! SBA Loan Borrower COMPANY TYPE: SPECIALTY HOSPITALS SBA Loan Lender INTER NATIONAL BANK The lender provided this loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 622310 - Specialty Hospitals Loan Approval Date 4/25/2006 Loan Approval Gross Amount $81,600 Loan Approval from the SBA Of the total $81,600 loan amount, the SBA guaranteed $40,800. 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 4 employees. The SBA loan documents indicated that the loan would help generate 4 new jobs and retain 4 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Inter National Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Inter National Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Raising VC Money for Social Networking Companies Best Mcallen, Texas Banks for Small Business Browse All Business Loan Sources for Texas
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