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Titan Bank refinances hotel property located in Temple, Texas

Titan Bank, NA today announced the funding of a $1,419,000 loan for the refinance and property improvements to a franchise hotel located in Temple, Texas.

 
PRLog - Dec. 11, 2012 - DALLAS -- Dallas, TX, December 11, 2012 – Titan Bank, NA today announced the funding of a $1,419,000 loan for the refinance and property improvements for a Baymont Inn & Suites, located in Temple, Texas.

Jerry Gray, Titan Bank’s Vice President comments, "The SBA 7a Loan provided the borrowers with the ability to refinance their existing conventional loan which was at a higher rate of interest and simultaneously complete the required property improvements in order to rebrand the property to a Baymont Inn & Suites.  

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, Loans
Tags:real estate loans, Franchise loans, sba loans, hotel loans, refinance
Shortcut:prlog.org/12040269
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