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May 5, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Norcross, Business Loans > Ironstone Bank Norcross Business Loans > Real Estate Agents And Brokers Loan | ||||
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Florida Small Business Funding
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How to Get a Loan for Real Estate Agents and BrokersLooking for business loans for real estate agents and brokers? The SBA may be the answer. This $1,990,320 real estate agents and brokers loan was issued by a Georgia bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Ponte Vedra Beach, Florida was able to borrow $1,990,320 from Ironstone Bank. The SBA made the loan possible by guaranteeing $999,996 of this Florida small business loan. SBA Loan Borrower COMPANY TYPE: REAL ESTATE AGENTS AND BROKERS SBA Loan Lender IRONSTONE BANK This debt financing was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 531210 - Real Estate Agents and Brokers Loan Approval Date 2/20/2002 Loan Approval Gross Amount $1,990,320 Loan Approval from the SBA Of the total $1,990,320 loan amount, the SBA guaranteed $999,996. 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 13 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business If you need money to start a business or need money for an existing business, an SBA loan can be a great source of funding. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Ironstone Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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 Banks for Small Business in Norcross, Georgia
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