Local Business Gets a Florida Business Loan

Would a Florida business loan help your company expand? If so, you may want to talk with this Tennessee bank, which offers SBA loans to Florida entrepreneurs.

This small business, based in Sunrise, Florida, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Commun Bank - E. Tennessee. We've got the inside scoop on this Florida small business loan.

SBA Loan Borrower

COMPANY TYPE: DRAPERY HARDWARE AND WINDOW BLINDS AND SHADES
SUNRISE, FL 33351

SBA Loan Lender

COMMUN BANK - E. TENNESSEE
7466 OAK RIDGE HWY
KNOXVILLE, TN 37931

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.

SIC Code

2591 - Drapery Hardware and Window Blinds and Shades

NAICS Code

337920 - Blind and Shade Manufacturing

Loan Approval Date

10/2/2003

Loan Approval Gross Amount

$418,000

Loan Approval from the SBA

Of the total $418,000 loan amount, the SBA guaranteed $313,500.

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 16 employees. The loan application did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

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 Commun Bank - E. Tennessee 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:

Microlending as a Small Business Funding Source

Where to Get an SBA Loan in Knoxville, Tennessee

Getting an SBA Loan in Tennessee