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April 19, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Homestead, Business Loans > Community Bank Of Florida Homestead Business Loans > Groceries And Related Products Loan | ||||
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Florida Bank SBA Loans
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Community Bank Of Florida SBA Loan to Groceries And Related Products CompanyWant a Florida business loan? Here's one Florida business loan that was approved by the SBA. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Miami, Florida was able to borrow $54,642 from Community Bank Of Florida. The SBA made the loan possible by guaranteeing $43,713 of this Florida small business loan. SBA Loan Borrower COMPANY TYPE: GROCERIES AND RELATED PRODUCTS SBA Loan Lender COMMUNITY BANK OF FLORIDA 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 5149 - Groceries and Related Products Loan Approval Date 8/14/2000 Loan Approval Gross Amount $54,642 Loan Approval from the SBA Of the total $54,642 loan amount, the SBA guaranteed $43,713. 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 7 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Best Homestead, Florida Banks for Small Business
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