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May 16, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Tallahassee, Business Loans > Farmers & Merchants Bank Tallahassee Business Loans > Lawn And Garden Services Loan | ||||
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SBA 7A Banks That Lend to Tallahassee Small Businesses
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Local Business Gets a Florida Business LoanFloridaBusiness loans are available to Florida business owners through the SBA. In this case, a Florida bank provides the loan. This business, based in Tallahassee, 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 Farmers & Merchants Bank. We've got the inside scoop on this Florida small business loan. SBA Loan Borrower COMPANY TYPE: LAWN AND GARDEN SERVICES SBA Loan Lender FARMERS & MERCHANTS BANK This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 0782 - Lawn and Garden Services NAICS Code 561730 - Landscaping Services Loan Approval Date 8/10/2000 Loan Approval Gross Amount $19,800 Loan Approval from the SBA Of the total $19,800 loan amount, the SBA guaranteed $15,840. 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 only one employee. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees. Getting an SBA Loan For Your Business The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Good Banks for Small Business in Tallahassee, Florida
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