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April 24, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Fort Myers, Business Loans > Busey Bank Fort Myers Business Loans > Hobby, Toy, And Game Stores Loan | ||||
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Florida SBA Lenders
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Fort Myers, Florida Lender Lends Money to Hobby, Toy, And Game Stores CompanyWant to talk with a Fort Myers, Florida bank about an SBA loan? Here's one Florida business loan, issued by a Fort Myers bank, that was approved by the SBA. Applying for an SBA loan with Busey Bank worked out well for our friends at one local company in Cape Coral, Florida. The business was able to get an SBA loan for $47,000. Nice! SBA Loan Borrower COMPANY TYPE: HOBBY, TOY, AND GAME STORES SBA Loan Lender BUSEY BANK This lender issued this particular commercial 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. NAICS Code 451120 - Hobby, Toy, and Game Stores Loan Approval Date 4/19/2004 Loan Approval Gross Amount $47,000 Loan Approval from the SBA Of the total $47,000 loan amount, the SBA guaranteed $39,950. 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 3 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Busey Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Obtaining Funding - Getting Venture Capital Small Business Banks in Fort Myers, Florida Where to Get an SBA Loan Florida
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