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April 23, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Naples, Business Loans > Fifth Third Bank Naples Business Loans > Concrete Products Loan | ||||
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Fifth Third Bank Naples, Florida
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Naples, Florida Business Gets SBA-Guaranteed Funding from Fifth Third BankFifth Third Bank has a track record as a leading provider of SBA loans. Find out how this Florida entrepreneur received an SBA loan from them. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Naples, Florida was able to borrow $200,000 from Fifth Third Bank. The SBA made the loan possible by guaranteeing $150,000 of this Florida small business loan. SBA Loan Borrower COMPANY TYPE: CONCRETE PRODUCTS SBA Loan Lender FIFTH THIRD BANK This small business 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. SIC Code 3272 - Concrete Products NAICS Code 327999 - Nonmetallic Mineral Product Manufacturing Loan Approval Date 6/7/2001 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $150,000. 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. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. We can help you find the best banks for small businesses in Naples 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: Raising VC Money for Social Networking Companies SBA Approved Banks in Naples, Florida
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