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May 6, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Orlando, Business Loans > Mercantile Bank, A Division Of Orlando Business Loans > Roofing, Siding, And Insulation Materials Loan | ||||
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Florida SBA Banks
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Orlando, Florida Bank Lends Money to Roofing, Siding, And Insulation Materials Company in Jacksonville, FloridaFind Orlando, Florida banks that specialize in small business loans and know how to work with entrepreneurs. Mercantile Bank, A Division Of is one such bank, as evidenced by this SBA loan to one business. Finding a small business loan in Jacksonville, Florida starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from Mercantile Bank, A Division Of. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: ROOFING, SIDING, AND INSULATION MATERIALS SBA Loan Lender MERCANTILE BANK, A DIVISION OF This lender issued this particular SBA 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 5033 - Roofing, Siding, and Insulation Materials NAICS Code 421330 - Loan Approval Date 7/5/2001 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 4 employees. The SBA loan application for the borrower did not indicate that the business promised to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. While you may be able to borrow money from friends and family, 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: Family and Friend Investors - Your First Financiers SBA Approved Banks in Orlando, Florida
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