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May 14, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Orlando, Business Loans > Fairwinds Cu Orlando Business Loans > Baked Goods Stores Loan | ||||
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Fairwinds Cu
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SBA Loan from Fairwinds Cu Helps Baked Goods Stores CompanyFairwinds Cu is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Florida entrepreneur who tapped into the power of SBA loans. This growing company knew how to go about getting a business bank loan. Based in Kissimmee, Florida, they applied for and received an SBA-guaranteed loan in 2006. The lending bank was Fairwinds Cu, based in Orlando, Florida. SBA Loan Borrower COMPANY TYPE: BAKED GOODS STORES SBA Loan Lender FAIRWINDS CU SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 445291 - Baked Goods Stores Loan Approval Date 7/27/2006 Loan Approval Gross Amount $342,950 Loan Approval from the SBA Of the total $342,950 loan amount, the SBA guaranteed $257,213. 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 12 employees. The loan application did not indicate that the business planned to use the funding to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Fairwinds Cu had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Fairwinds Cu 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:
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