Florida Small Business Loan Issued to Reupholstery And Furniture Repair Company
Searching for a Florida bank loan? This Florida entrepreneur got a bank loan, provided by a Florida bank that works with the SBA to help small business owners.
This company, based in Live Oak, Florida, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from First Fed. Savings Bank - Florid. We've got the inside scoop on this Florida small business loan.
SBA Loan Borrower
COMPANY TYPE: REUPHOLSTERY AND FURNITURE REPAIR
LIVE OAK, FL 32060
SBA Loan Lender
FIRST FED. SAVINGS BANK - FLORID
804 S OHIO AVE
LIVE OAK, FL 32060
This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.
SBA Loan Program Type
This loan was issued as a general business loan.
7641 - Reupholstery and Furniture Repair
811420 - Reupholstery and Furniture Repair
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $45,000 loan amount, the SBA guaranteed $36,000.
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 3 employees. 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.
Start the Process for Getting an SBA Loan Today!
SBA loans provide smart, affordable business financing for small businesses looking to expand.
The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First Fed. Savings Bank - Florid had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First Fed. Savings Bank - Florid 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.
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