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April 28, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Salt Lake City, Business Loans > Merrill Lynch Bank Usa Salt Lake City Business Loans > Boat Building Loan | ||||
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Cape Coral, Florida Bank Loan
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Cape Coral, Florida Entrepreneur Gets a Bank LoanSmall business loans in Florida are hard to find these days. We take a look at one Florida small business loan, provided by an Utah bank, that was approved by the SBA. You can learn something about getting a small business loan in Cape Coral, Florida by studying this loan to a local company, made back in 2004. Banks like Merrill Lynch Bank Usa may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: BOAT BUILDING SBA Loan Lender MERRILL LYNCH BANK USA As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 336612 - Boat Building Loan Approval Date 2/17/2004 Loan Approval Gross Amount $263,000 Loan Approval from the SBA Of the total $263,000 loan amount, the SBA guaranteed $197,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 45 employees. This SBA loan request indicated that the loan would help retain 45 existing jobs. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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 - How to Decide How Much to Raise Where to Get an SBA Loan in Salt Lake City, Utah
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