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April 25, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Gainesville, Business Loans > Merchants & Southern Bank Gainesville Business Loans > General Contracting For Nonresidential Buildings Loan | ||||
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SBA Lender Gainesville
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Gainesville, Florida Bank Lends Money to General Contracting For Nonresidential Buildings Company in Gainesville, FloridaWant to talk with a Gainesville, Florida bank about a business loan? Here's one Florida business loan, issued by a Gainesville bank, that was approved by the SBA. Applying for an SBA loan with Merchants & Southern Bank worked out well for our friends at one local business in Gainesville, Florida. They received an SBA loan for $122,785. Great job! SBA Loan Borrower COMPANY TYPE: GENERAL CONTRACTING FOR NONRESIDENTIAL BUILDINGS SBA Loan Lender MERCHANTS & SOUTHERN BANK This lender issued this particular SBA business 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 1542 - General Contracting for Nonresidential Buildings NAICS Code 233320 - Commercial and Institutional Building Construction Loan Approval Date 11/8/2001 Loan Approval Gross Amount $122,785 Loan Approval from the SBA Of the total $122,785 loan amount, the SBA guaranteed $104,367. 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 7 employees. The loan application did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your Business Although it's called an SBA loan, you 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. We can help you find the best banks for small businesses in Gainesville 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: How Much Venture Capital Is There? Find an SBA Lender in Gainesville, Florida
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