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April 25, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Jacksonville, Business Loans > Capitalsouth Bank Jacksonville Business Loans > Eating Places Loan | ||||
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Florida Bank SBA Loans
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Capitalsouth Bank SBA Loan to Eating Places CompanyAn SBA loan from Capitalsouth Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Jacksonville, Florida business owner got a $30,000 loan. Getting a small business loan in Jacksonville, Florida was an essential business goal for this company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Capitalsouth Bank, operating out of Jacksonville, Florida. Here are the details on this Florida small business loan. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender CAPITALSOUTH BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 11/3/2000 Loan Approval Gross Amount $30,000 Loan Approval from the SBA Of the total $30,000 loan amount, the SBA guaranteed $24,000. 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 SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Find an SBA Lender in Jacksonville, Florida
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