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May 2, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Fort Dodge, Business Loans > First American Bank Fort Dodge Business Loans > Personal Services Loan | ||||
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I Need a Loan in Fort Myers, Florida
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Bank Loans for Personal ServicesWith these bank loans for personal services, the SBA guarantees the lender that the loan will be repaid. This personal services loan for $150,000 was given to a Florida entrepreneur in 2007. This small firm received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with First American Bank, out of Fort Dodge, Iowa. The loan was granted and they received $150,000 to help grow their Fort Myers, Florida business. SBA Loan Borrower COMPANY TYPE: PERSONAL SERVICES SBA Loan Lender FIRST AMERICAN BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 812990 - Personal Services Loan Approval Date 4/4/2007 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $75,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help retain 2 existing jobs. 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. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like First American Bank and they will explain how you can get an SBA loan for your company. 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: Accountant's Role in Securing Financing Who Lends Money to Small Businesses in Fort Dodge, Iowa
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