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April 25, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Melbourne, Business Loans > Florida Business Bank Melbourne Business Loans > Electric Services Loan | ||||
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How to Get a Business Loan in Melbourne, Florida
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Melbourne, Florida Entrepreneur Gets a Small Business LoanFloridaBusiness loans are available to Florida business owners through the SBA. In this case, a Florida bank provides the loan. Getting a small business loan in Melbourne, Florida was a top priority for this SBA-financed company back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Florida Business Bank. Here are the details on this Florida small business loan. SBA Loan Borrower COMPANY TYPE: ELECTRIC SERVICES SBA Loan Lender FLORIDA BUSINESS BANK This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 4911 - Electric Services NAICS Code 221111 - Hydroelectric Power Generation Loan Approval Date 7/11/2002 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 9 employees. The loan application did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. We can help you find the best banks for small businesses in Melbourne or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Obtaining Funding - How to Borrow Money Getting an SBA Loan in Florida
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