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April 28, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Cincinnati, Business Loans > National City Bank Cincinnati Business Loans > Liquor Stores Loan | ||||
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How to Get an SBA Loan in Holmes Beach, Florida
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Growing Company Gets a Florida Small Business LoanBank loans in Florida are tough to come by these days. We take a look at one Florida bank loan, provided by an Ohio bank, that was approved by the SBA. This small business, based in Holmes Beach, Florida, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from National City Bank. We've got the inside scoop on this Florida small business loan. SBA Loan Borrower COMPANY TYPE: LIQUOR STORES SBA Loan Lender NATIONAL CITY BANK This lender issued this particular commercial 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 5921 - Liquor Stores NAICS Code 445310 - Beer, Wine, and Liquor Stores Loan Approval Date 3/29/2000 Loan Approval Gross Amount $149,000 Loan Approval from the SBA Of the total $149,000 loan amount, the SBA guaranteed $111,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The loan application did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from National City Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Who Lends Money to Small Businesses in Cincinnati, Ohio
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