Growing Company Gets a Florida SBA Loan
Bank loans in Florida are are few and far betweeen these days. We take a look at one Florida bank loan, provided by a Florida bank, that was approved by the SBA.
Getting a small business loan in Naples, Florida was a top priority for this loan applicant back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Fifth Third Bank. Here are the details on this Florida small business loan.
SBA Loan Borrower
COMPANY TYPE: CONCRETE PRODUCTS
NAPLES, FL 34109
SBA Loan Lender
FIFTH THIRD BANK
999 VANDERBILT BEACH RD
NAPLES, FL 34108
This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
SBA Loan Program Type
This loan was issued as a general business loan.
3272 - Concrete Products
327999 - Nonmetallic Mineral Product Manufacturing
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $504,000 loan amount, the SBA guaranteed $378,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 23 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds 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.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Fifth Third Bank and they will explain how you can get an SBA loan for your company.
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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