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May 8, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Tampa, Business Loans > Southern Comm. Bank Tampa Business Loans > Structural Metal Work Loan | ||||
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Southern Comm. Bank Lakeland, Florida
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Southern Comm. Bank SBA Loan to Structural Metal Work CompanyAn SBA loan from Southern Comm. Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Lakeland, Florida business owner got a $75,000 loan. This small firm knew how to go about getting a business bank loan. Based in Lakeland, Florida, they applied for and received an SBA-guaranteed loan in 2002. The lending bank was Southern Comm. Bank, based in Tampa, Florida. SBA Loan Borrower COMPANY TYPE: STRUCTURAL METAL WORK SBA Loan Lender SOUTHERN COMM. 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 3449 - Structural Metal Work NAICS Code 332312 - Fabricated Structural Metal Manufacturing Loan Approval Date 7/8/2002 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $63,750. 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 only one employee. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. 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: Role of Business Plan When Raising Money SBA 7A Banks in Tampa, Florida
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