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May 16, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Rockledge, Business Loans > Community Educators Cu Rockledge Business Loans > Automotive Oil Change And Lubrication Shops Loan | ||||
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Rockledge, Florida Bank for SBA Loans
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Rockledge, Florida Lender Lends Money to Automotive Oil Change And Lubrication Shops CompanyA Rockledge, Florida business loan can be yours. Learn how one firm got a $317,750 business loan from this Florida bank. This loan to an entrepreneur is a good example of an SBA loan. Community Educators Cu made the loan and the SBA guaranteed a portion of the loan. Many other Florida entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: AUTOMOTIVE OIL CHANGE AND LUBRICATION SHOPS SBA Loan Lender COMMUNITY EDUCATORS CU The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide debt financing to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811191 - Automotive Oil Change and Lubrication Shops Loan Approval Date 12/22/2006 Loan Approval Gross Amount $317,750 Loan Approval from the SBA Of the total $317,750 loan amount, the SBA guaranteed $238,312. 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 30 employees. The loan application did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $317,750 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Who Lends Money to Small Businesses in Rockledge, Florida
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