Environmental Consulting Services Commercial Loans

Looking for commercial loans for environmental consulting services? The SBA may be the answer. This $118,415 environmental consulting services loan was issued by a Florida bank.

This business knew how to go about getting a business bank loan. Based in Jacksoville, Florida, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Mercantile Bank, A Division Of, based in Jacksonville, Florida.

SBA Loan Borrower

COMPANY TYPE: SERVICES
JACKSOVILLE, FL 32257

SBA Loan Lender

MERCANTILE BANK, A DIVISION OF
9715 GATE PKWY NORTH
JACKSONVILLE, FL 32246

This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with borrowing money. The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8999 - Services

NAICS Code

541620 - Environmental Consulting Services

Loan Approval Date

2/25/2002

Loan Approval Gross Amount

$118,415

Loan Approval from the SBA

Of the total $118,415 loan amount, the SBA guaranteed $99,468.

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 14 employees. The SBA loan documents did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Mercantile Bank, A Division Of had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Mercantile Bank, A Division Of made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Accountant's Role in Securing Financing

SBA 7A Lenders in Jacksonville, Florida

Getting a Business Loan in Florida