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May 12, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Saint Petersburg, Business Loans > Synovus Bank Of Tampa Bay Saint Petersburg Business Loans > Plastics Product Manufacturing Loan | ||||
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Clearwater SBA Loans
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Local Business Gets a Florida Bank LoanBusiness loans in Florida are are few and far betweeen these days. We take a look at one Florida business loan, provided by a Florida bank, that was approved by the SBA. Getting a small business loan in Clearwater, Florida was a top priority for this SBA-financed company back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Synovus Bank Of Tampa Bay. Here are the details on this Florida small business loan. SBA Loan Borrower COMPANY TYPE: PLASTICS PRODUCT MANUFACTURING SBA Loan Lender SYNOVUS BANK OF TAMPA BAY Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 326199 - Plastics Product Manufacturing Loan Approval Date 3/27/2006 Loan Approval Gross Amount $520,000 Loan Approval from the SBA Of the total $520,000 loan amount, the SBA guaranteed $390,000. 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 26 employees. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 26 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Synovus Bank Of Tampa Bay so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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 Banks for Saint Petersburg, Florida Loans
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