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May 16, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Valparaiso, Business Loans > Vanguard Bank & Trust Company Valparaiso Business Loans > Art Dealers Loan | ||||
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SBA Lender Destin
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Business Loan from Vanguard Bank & Trust Company Given to Art Dealers CompanyVanguard Bank & Trust Company and the SBA work together to get business loans for growing small businesses. Here's an example of how a Florida entrepreneur was able to get a loan to take a small business to the next level. This growing company received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Vanguard Bank & Trust Company, out of Valparaiso, Florida. The loan was granted and they received $612,000 to help grow their Destin, Florida business. SBA Loan Borrower COMPANY TYPE: ART DEALERS SBA Loan Lender VANGUARD BANK & TRUST COMPANY This commercial 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. NAICS Code 453920 - Art Dealers Loan Approval Date 4/16/2004 Loan Approval Gross Amount $612,000 Loan Approval from the SBA Of the total $612,000 loan amount, the SBA guaranteed $459,000. 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 16 employees. The SBA loan documents did not indicate that the small business planned to use the money to add employees or retain any existing employees. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. 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: How Much Venture Capital Is There? Who Lends Money to Small Businesses in Valparaiso, Florida
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