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Titan Bank provides funds to refinance veterinary practice debt, in Frisco, Texas

Titan Bank, NA announces the funding of a $352,000 loan to a veterinary practice located in Frisco, Texas.

 
PRLog - Dec. 4, 2012 - DALLAS -- Dallas, TX, December 4, 2012 – Titan Bank, NA today announced the funding of a $352,000 loan for the refinance of existing debt for Stonebrook Veterinary Clinic, PLLC located in Frisco, Texas.  The refinance of the existing practice debt will allow the clinic to gather additional capital to build a new free-standing clinic in the future.  The longer term loan and a lower interest rate lowered the debt service dramatically to the small business.

Jerry Gray, Titan Bank’s Vice President comments, "The SBA 7a term loan which Titan Bank provided will enable the clinic to refinance all of its present debt.  This will in turn, provide the practice relief from excessive debt service as well as allow the customer to build up his liquid reserves so that he can eventually construct his own clinic.”

The veterinarian commented, “I was getting discouraged trying to find a bank to refinance our business debt. As an owner of a growing small business for the last 15 years, I thought banks would be willing to step in and help us become more profitable allowing us to expand our services but that was not the case until Jerry Gray and Titan Bank became involved. Unlike other banks, Titan Bank stepped in and saw the potential in a growing small business and refinanced our debt, which significantly improved our cash flow and will now help us expand our services. I found Jerry Gray and Titan Bank to be flexible, knowledgeable, responsive and motivated to help my business thrive. I strongly recommend them to small business owners whether your need is for working capital, equipment financing, real estate purchase or refinancing.”

The funding of this loan enables Titan to extend its lead in the SBA, USDA and small business lending sector.  As noted recently, Titan Bank received the US Government Small Business Administration’s Rising Star Award for the SBA’s Dallas Region.  The award is the latest recognition for Titan Bank, one of the few remaining chartered banks that focus primarily on loans to small companies.  Titan Bank intends to continue its expansion in this sector as it plans to double its lending staff in the next twelve months nationwide.

About Titan Bank

Titan Bank was founded in 1907.  The bank has a long history of focusing on the needs of small businesses in shifting economies.  It is a full-service national bank with the capital, knowledge and staff to help entrepreneurs with their financial needs.  Titan Bank is based in Texas and lends in all 50 states.

Titan Bank specializes in nationwide SBA and USDA Rural Development lending.  The Bank is a SBA Preferred Lender with a full staff of loan officers, underwriters and processors dedicated solely to this practice. For more information on obtaining a SBA or USDA loan through Titan Bank, please contact one of our SBA Loan Experts at 214.526.7178 or visit our website at www.titanbank.com

For more information on Titan Bank, contact:

  Jerry Gray        
  Vice President
  Titan Bank, NA
  3100 Monticello Ave, Suite 400
  Dallas, TX 75205

  (214)252-5765      
  jgray@titanbank.com
   
 Pete O'Hern
 SVP / National Sales Manager
 Titan Bank, NA
 3100 Monticello Ave, Suite 400
 Dallas, TX 75205

 (214)580-3174
 pohern@titanbank.com

Or visit www.titanbank.com

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Source:Titan Bank
Phone:214-526-7178
Zip:75205
Location:Dallas - Texas - United States
Industry:Banking, Pets
Tags:sba loans, Veterinary Praactice Loans, Veterinary Accountants, practice finance, Partner Buy Outs
Shortcut:prlog.org/12035709
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