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May 3, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Sea Grove Beach, Business Loans > Whitney National Bank Sea Grove Beach Business Loans > Children's And Infants' Wear Stores Loan | ||||
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SBA Lenders in Fort Walton Beach, Florida
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Whitney National Bank SBA Loan to Children's And Infants' Wear Stores CompanyAn SBA loan from Whitney National Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Fort Walton Beach, Florida business owner got a $55,000 loan. Getting a small business loan in Fort Walton Beach, Florida was an essential business goal for this firm back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Whitney National Bank, operating out of Sea Grove Beach, Florida. Here are the details on this Florida small business loan. SBA Loan Borrower COMPANY TYPE: CHILDREN'S AND INFANTS' WEAR STORES SBA Loan Lender WHITNEY NATIONAL BANK This lender issued this particular SBA 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. SIC Code 5641 - Children's and Infants' Wear Stores NAICS Code 448130 - Children's and Infants' Clothing Stores Loan Approval Date 4/1/2003 Loan Approval Gross Amount $55,000 Loan Approval from the SBA Of the total $55,000 loan amount, the SBA guaranteed $46,750. More Information on This SBA Loan The borrower borrowed this money for a new 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 2 employees. The loan application did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. We can help you find the best banks for small businesses in Fort Walton Beach or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Microlending as a Small Business Funding Source Who Lends Money to Small Businesses in Sea Grove Beach, Florida
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