Melbourne, Florida Entrepreneur Gets an SBA Loan

Would a Florida business loan help your company expand? If so, you may want to talk with this Florida bank, which offers SBA loans to Florida entrepreneurs.

This company, based in Melbourne, 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 The Bank Brevard. We've got the inside scoop on this Florida small business loan.

SBA Loan Borrower

COMPANY TYPE: OFFICES AND CLINICS OF CHIROPRACTORS
MELBOURNE, FL 32904

SBA Loan Lender

THE BANK BREVARD
300 S HARBOR CITY BLVD
MELBOURNE, FL 32901

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

8041 - Offices and Clinics of Chiropractors

NAICS Code

621310 - Chiropractors

Loan Approval Date

3/22/2000

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $40,000.

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 2 employees. The SBA loan application for the borrower did not indicate that the business planned to use the funding to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you are wondering how to raise money for a business in Melbourne FL, you ought to talk with a local Melbourne SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Melbourne businesses.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from The Bank Brevard so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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