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May 17, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Charlotte, Business Loans > Bank Of America Charlotte Business Loans > Upholstered Household Furniture Manufacturing Loan | ||||
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How to Get an SBA Loan in Lauderhill, Florida
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Lauderhill, Florida Entrepreneur Gets a Bank LoanBusiness loans in Florida are tough to come by these days. We take a look at one Florida business loan, provided by a North Carolina bank, that was approved by the SBA. Getting a small business loan in Lauderhill, Florida was a top priority for this SBA-financed company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Bank Of America. Here are the details on this Florida small business loan. SBA Loan Borrower COMPANY TYPE: UPHOLSTERED HOUSEHOLD FURNITURE MANUFACTURING SBA Loan Lender BANK OF AMERICA The lender provided this loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 337121 - Upholstered Household Furniture Manufacturing Loan Approval Date 3/30/2004 Loan Approval Gross Amount $40,000 Loan Approval from the SBA Of the total $40,000 loan amount, the SBA guaranteed $20,000. 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 10 employees. This SBA loan request indicated that the loan would help retain 10 existing jobs. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. 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: The Friends and Family Network Best Charlotte, North Carolina Banks for Small Business
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