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May 13, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Seminole, Business Loans > First Home Bank Seminole Business Loans > Food Preparations Loan | ||||
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First Home Bank Clearwater, Florida
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Business Loan from First Home Bank Given to Food Preparations CompanyAn SBA loan from First Home Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Clearwater, Florida business owner got a $150,000 loan. This small firm knew how to go about getting a business bank loan. Based in Clearwater, Florida, they applied for and received an SBA-guaranteed loan in 2003. The lending bank was First Home Bank, based in Seminole, Florida. SBA Loan Borrower COMPANY TYPE: FOOD PREPARATIONS SBA Loan Lender FIRST HOME BANK This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2099 - Food Preparations NAICS Code 311999 - Food Manufacturing Loan Approval Date 3/25/2003 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the company planned to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $150,000 loan. Remember, if it to be, it is up to me! 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: Good Banks for Small Business in Seminole, Florida
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