First National Bank Southwest A Divi SBA Loan to Chiropractors Company

An SBA loan from First National Bank Southwest A Divi typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Southlake, Texas business owner got a $55,300 loan.

Getting a small business loan in Southlake, Texas was an essential business goal for this small business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from First National Bank Southwest A Divi, operating out of Frisco, Texas. Here are the details on this Texas small business loan.

SBA Loan Borrower

COMPANY TYPE: CHIROPRACTORS
SOUTHLAKE, TX 76092

SBA Loan Lender

FIRST NATIONAL BANK SOUTHWEST A DIVI
4500 PRESTON RD
FRISCO, TX 75034

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621310 - Chiropractors

Loan Approval Date

2/20/2007

Loan Approval Gross Amount

$55,300

Loan Approval from the SBA

Of the total $55,300 loan amount, the SBA guaranteed $47,005.

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 2 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs.

Next Steps for Getting an SBA Loan

If you have been wondering how do i get money to start a business in Southlake TX, you ought to talk with a local Southlake SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Southlake businesses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into First National Bank Southwest A Divi and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Obtaining Funding - Getting Venture Capital

Where to Get an SBA Loan in Frisco, Texas

Texas SBA Bank Lenders