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May 15, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Winter Park, Business Loans > Bankfirst Winter Park Business Loans > Automotive Body, Paint, And Interior Repair And Maintenance Loan | ||||
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Orlando, Florida Bank Loan
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Where to Get Capital for Automotive Body, Paint, and Interior Repair and MaintenanceLooking for small business loans for automotive body, paint, and interior repair and maintenance? Try the SBA. This $725,000 automotive body, paint, and interior repair and maintenance loan was issued by a Florida bank. Getting a small business loan in Orlando, Florida was important for this company back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Bankfirst, operating out of Winter Park, Florida. Here are the details on this Florida small business loan. SBA Loan Borrower COMPANY TYPE: AUTOMOTIVE BODY, PAINT, AND INTERIOR REPAIR AND MAINTENANCE SBA Loan Lender BANKFIRST This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811121 - Automotive Body, Paint, and Interior Repair and Maintenance Loan Approval Date 12/16/2005 Loan Approval Gross Amount $725,000 Loan Approval from the SBA Of the total $725,000 loan amount, the SBA guaranteed $543,750. 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 only one employee. The SBA loan documents indicated that the loan would help retain 8 existing jobs. Next Steps for Getting an SBA Loan 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. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Advice on Getting a Small Business Loan SBA 7A Banks for Winter Park, Florida Loans
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