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December 18, 2024 |
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| Home > Small Business Lenders by State > Texas Business Loan Sources > Fort Worth, Business Loans > Worth National Bank Fort Worth Business Loans > Health Practitioners Loan | ||||
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I Need an SBA Loan in Southlake, Texas
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Health Practitioners Bank LoansWith these bank loans for health practitioners, the SBA guarantees the lender that the loan will be repaid. This health practitioners loan for $348,400 was given to a Texas entrepreneur in 2005. This company knew how to go about getting a business bank loan. Based in Southlake, Texas, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Worth National Bank, based in Fort Worth, Texas. SBA Loan Borrower COMPANY TYPE: HEALTH PRACTITIONERS SBA Loan Lender WORTH NATIONAL BANK This lender processed this small business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 621399 - Health Practitioners Loan Approval Date 5/23/2005 Loan Approval Gross Amount $348,400 Loan Approval from the SBA Of the total $348,400 loan amount, the SBA guaranteed $174,200. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 9 existing jobs. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small 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 Worth National Bank 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: SBA 7A Lenders in Fort Worth, Texas
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