Loan Census Banking News and Information
May 14, 2024  
 
 
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Florida SBA 7A Lenders

 

 
Loan Census SBA Loan Info

Winter Garden, Florida Bank Lends Money to Florists Company in Eustis, Florida

Get business loans from a Winter Garden, Florida bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too.

Bankfirst is a Winter Garden, Florida small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Florida company.

SBA Loan Borrower

COMPANY TYPE: FLORISTS
EUSTIS, FL 32726

SBA Loan Lender

BANKFIRST
13207 W COLONIAL DR
WINTER GARDEN, FL 34787

This loan for a small business 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

453110 - Florists

Loan Approval Date

7/12/2001

Loan Approval Gross Amount

$374,700

Loan Approval from the SBA

Of the total $374,700 loan amount, the SBA guaranteed $281,025.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 8 employees. The loan application did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

Don't forget. To get an SBA loan, you must 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 Bankfirst 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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Small Bank Loans in Winter Garden, Florida

SBA Florida Lenders