Business Loans for Sheet Metal Work Manufacturing
With these business loans for sheet metal work manufacturing, the SBA guarantees the lender that the loan will be repaid. This sheet metal work manufacturing loan for $135,000 was given to a Florida entrepreneur in 2002.
This business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Whitney National Bank, out of Fort Walton Beach, Florida. The loan was granted and they received $135,000 to help grow their Jacksonville, Florida business.
SBA Loan Borrower
COMPANY TYPE: SHEET METAL WORK
JACKSONVILLE, FL 32254
SBA Loan Lender
WHITNEY NATIONAL BANK
768 N BEAL PKWY
FORT WALTON BEACH, FL 32547
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.
3444 - Sheet Metal Work
332322 - Sheet Metal Work Manufacturing
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $135,000 loan amount, the SBA guaranteed $114,750.
More Information on This SBA Loan
The borrower borrowed this money for an existing 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 planned to use the funding to add employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.
There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.
Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!
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.
Small Business Banks in Fort Walton Beach, Florida
SBA Lenders in Florida