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May 18, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Bradenton, Business Loans > Community Bank Of Manatee Bradenton Business Loans > Terrazzo, Tile, Marble, And Mosaic Work Loan | ||||
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SBA 7A Banks for Businesses in Florida
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Growing Company Gets a Florida Small Business LoanSearching for a Florida bank loan? This Florida entrepreneur got a bank loan, provided by a Florida bank that works with the SBA to help small business owners. You can learn something about getting a small business loan in Sarasota, Florida by studying this loan to a local company, made back in 2001. Banks like Community Bank Of Manatee may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: TERRAZZO, TILE, MARBLE, AND MOSAIC WORK SBA Loan Lender COMMUNITY BANK OF MANATEE This lender issued this loan for a small business under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1743 - Terrazzo, Tile, Marble, and Mosaic Work NAICS Code 235430 - Tile, Marble, Terrazzo, and Mosaic Contractors Loan Approval Date 12/17/2001 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $112,500. 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 loan application did not indicate that the business promised to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Community Bank Of Manatee and they will explain how you can get an SBA loan for your company. 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: Small Bank Loans in Bradenton, Florida
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