Suntrust Bank SBA Loan to Business Services Company
Searching for a Florida small business loan? Here's one Florida business loan that was approved by the SBA.
This local small business knew how to go about getting a business bank loan. Based in Palm Beach, Florida, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Suntrust Bank, based in Fort Lauderdale, Florida.
SBA Loan Borrower
COMPANY TYPE: BUSINESS SERVICES
PALM BEACH, FL 33406
SBA Loan Lender
501 E LAS OLAS BLVD
FORT LAUDERDALE, FL 33301
The lender provided this loan for a small business through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
7389 - Business Services
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $40,000 loan amount, the SBA guaranteed $20,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 3 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 3 existing jobs.
Getting an SBA Loan For Your Business
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.
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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Small Business Banks in Fort Lauderdale, Florida
Getting a Business Loan in Florida