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May 3, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Irving, Business Loans > Amresco Sba Holdings, Inc. Irving Business Loans > Child Day Care Services Loan | ||||
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Banks for Small Business Owners in Florida
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Florida SBA Loan Issued to Child Day Care Services CompanyFloridaSBA loans are available to Florida entrepreneurs through the SBA. In this case, a Texas bank provides the loan. Getting a small business loan in Pompano Beach, Florida was a top priority for this particular business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Amresco Sba Holdings, Inc.. Here are the details on this Florida small business loan. SBA Loan Borrower COMPANY TYPE: CHILD DAY CARE SERVICES SBA Loan Lender AMRESCO SBA HOLDINGS, INC. 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. SIC Code 8351 - Child Day Care Services NAICS Code 624410 - Child Day Care Services Loan Approval Date 6/15/2000 Loan Approval Gross Amount $659,600 Loan Approval from the SBA Of the total $659,600 loan amount, the SBA guaranteed $494,700. 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 7 employees. The SBA loan documents indicated that the loan would help retain 7 existing jobs. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Best Irving, Texas Banks for Small Business
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