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May 7, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Sarasota, Business Loans > Superior Bank Sarasota Business Loans > Manufacturing Industries Loan | ||||
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Florida Bank SBA Loans
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Superior Bank SBA Loan to Manufacturing Industries CompanyLooking to get a Florida SBA loan? Here's one Florida business loan that was approved by the SBA. This small business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Superior Bank, out of Sarasota, Florida. The loan was granted and they received $209,500 to help grow their Bradenton, Florida business. SBA Loan Borrower COMPANY TYPE: MANUFACTURING INDUSTRIES SBA Loan Lender SUPERIOR BANK This bank loan 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 3999 - Manufacturing Industries Loan Approval Date 5/11/2000 Loan Approval Gross Amount $209,500 Loan Approval from the SBA Of the total $209,500 loan amount, the SBA guaranteed $157,125. 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 4 employees. The SBA loan documents did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business Don't apply for a loan directly with the SBA. You need to 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. 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 Superior Bank 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: Small Business Banks in Sarasota, Florida
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