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May 18, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Sarasota, Business Loans > Colonial Bank Sarasota Business Loans > Eating Places Loan | ||||
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Florida Small Business Funding
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Drinking Places LoansLooking for loans for drinking places? An SBA loan may be just what you've been looking for. This $204,100 drinking places loan was issued by a Florida bank. This company knew how to go about getting a business bank loan. Based in Sarasota, Florida, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Colonial Bank, based in Sarasota, Florida. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender COLONIAL BANK The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide commercial loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722410 - Drinking Places Loan Approval Date 12/4/2002 Loan Approval Gross Amount $204,100 Loan Approval from the SBA Of the total $204,100 loan amount, the SBA guaranteed $153,075. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 182 employees. The SBA loan documents did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Colonial Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Obtaining Funding - How to Decide How Much to Raise Who Lends Money to Small Businesses in Sarasota, Florida Getting an SBA Loan in Florida
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