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May 14, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Winter Haven, Business Loans > Colonial Bank Winter Haven Business Loans > Fitness And Recreational Sports Centers Loan | ||||
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Colonial Bank SBA 7A Loans
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Small Business Loans for Fitness and Recreational Sports CentersLooking for small business loans for fitness and recreational sports centers? The SBA may be the answer. This $85,000 fitness and recreational sports centers loan was issued by a Florida bank. Getting a small business loan in Lakeland, Florida was important for this company back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Colonial Bank, operating out of Winter Haven, Florida. Here are the details on this Florida small business loan. SBA Loan Borrower COMPANY TYPE: FITNESS AND RECREATIONAL SPORTS CENTERS SBA Loan Lender COLONIAL BANK This was a Low Documentation SBA loan. The SBA created this program to limit the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 713940 - Fitness and Recreational Sports Centers Loan Approval Date 3/25/2005 Loan Approval Gross Amount $85,000 Loan Approval from the SBA Of the total $85,000 loan amount, the SBA guaranteed $72,250. 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 only one employee. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. This SBA loan was for $85,000. How would you spend $85,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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 Winter Haven, Florida Loans Getting an SBA Loan in Florida
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