Raising Money for Support Activities for Rail Transportation

With these business loans for support activities for rail transportation, the SBA guarantees the lender that the loan will be repaid. This support activities for rail transportation loan for $150,000 was given to a Florida entrepreneur in 2005.

This small business knew how to go about getting a business bank loan. Based in Green Cove Springs, Florida, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Centerbank - Jacksonville, based in Jacksonville, Florida.

SBA Loan Borrower

COMPANY TYPE: SUPPORT ACTIVITIES FOR RAIL TRANSPORTATION
GREEN COVE SPRINGS, FL 32043

SBA Loan Lender

CENTERBANK - JACKSONVILLE
1325 HENDRICKS AVE
JACKSONVILLE, FL 32207

This lender issued this loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

488210 - Support Activities for Rail Transportation

Loan Approval Date

10/6/2005

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 11 employees. This SBA loan request did not indicate that the company promised to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your 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.

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.

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