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May 25, 2024  
 
 
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The Bank Of Bonifay SBA Loans

 

 
Loan Census SBA Loan Info

Financing for Heating Equipment Manufacturing

Looking for commercial loans for heating equipment manufacturing? An SBA loan may be just what you've been looking for. This $476,400 heating equipment manufacturing loan was issued by a Florida bank.

Getting a small business loan in Bonifay, Florida was important for this business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from The Bank Of Bonifay, operating out of Bonifay, Florida. Here are the details on this Florida small business loan.

SBA Loan Borrower

COMPANY TYPE: HEATING EQUIPMENT MANUFACTURING
BONIFAY, FL 32425

SBA Loan Lender

THE BANK OF BONIFAY
300 N WAUKESHA ST
BONIFAY, FL 32425

This lender issued this business loan under the SBA 7A lending 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.

NAICS Code

333414 - Heating Equipment Manufacturing

Loan Approval Date

4/9/2002

Loan Approval Gross Amount

$476,400

Loan Approval from the SBA

Of the total $476,400 loan amount, the SBA guaranteed $357,300.

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 SBA loan documents did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

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 The Bank Of Bonifay 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.

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