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May 18, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Weston, Business Loans > Colonial Bank Weston Business Loans > Automotive Services Loan | ||||
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Florida Bank SBA Loans
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Entrepreneur Works With Weston, Florida Bank to Get an SBA LoanA Weston, Florida business loan can be yours. Learn how a business got a $1,233,000 business loan from this Florida bank. This loan to an entrepreneur is a good example of an SBA loan. Colonial Bank made the loan and the SBA guaranteed a portion of the loan. Many other Florida entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: AUTOMOTIVE SERVICES SBA Loan Lender COLONIAL BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7549 - Automotive Services NAICS Code 811191 - Automotive Oil Change and Lubrication Shops Loan Approval Date 4/17/2001 Loan Approval Gross Amount $1,233,000 Loan Approval from the SBA Of the total $1,233,000 loan amount, the SBA guaranteed $924,750. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 18 employees. The loan application did not indicate that the company promised to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business If you are interested in getting money to start a business or need money to grow a business, an SBA loan can be a great way to raise money While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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: Dealing With Venture Capitalists SBA Approved Banks in Weston, Florida Getting an SBA Loan in Florida
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