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April 25, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Jacksonville, Business Loans > Capitalsouth Bank Jacksonville Business Loans > Radio And Television Communications Equipment Loan | ||||
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Business Loans for Orange Park Entrepreneurs
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Radio and Television Broadcasting and Wireless Communications Equipment SBA LoansLooking for SBA loans for radio and television broadcasting and wireless communications equipment? An SBA loan may be just what you've been looking for. This $30,000 radio and television broadcasting and wireless communications equipment loan was issued by a Florida bank. This business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Capitalsouth Bank, out of Jacksonville, Florida. The loan was granted and they received $30,000 to help grow their Orange Park, Florida business. SBA Loan Borrower COMPANY TYPE: RADIO AND TELEVISION COMMUNICATIONS EQUIPMENT SBA Loan Lender CAPITALSOUTH BANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3663 - Radio and Television Communications Equipment NAICS Code 334220 - Radio and Television Broadcasting and Wireless Communications Equipment Loan Approval Date 5/9/2000 Loan Approval Gross Amount $30,000 Loan Approval from the SBA Of the total $30,000 loan amount, the SBA guaranteed $24,000. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Role of Business Plan When Raising Money SBA 7A Banks in Jacksonville, Florida
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