Loan Census Banking News and Information
March 28, 2024  
 
 
  Business Loan Information  
 

We Needed a Business Loan in Pensacola, Florida and We Got One!

 

 
Loan Census SBA Loan Info

Glass and Glazing Contractors Loans

With these loans for glass and glazing contractors, the SBA guarantees the lender that the loan will be repaid. This glass and glazing contractors loan for $150,000 was given to a Florida entrepreneur in 2003.

This company received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Beach Community Bank, out of Fort Walton Beach, Florida. The loan was granted and they received $150,000 to help grow their Pensacola, Florida business.

SBA Loan Borrower

COMPANY TYPE: GLASS AND GLAZING WORK
PENSACOLA, FL 32548

SBA Loan Lender

BEACH COMMUNITY BANK
17 SE EGLIN PKWY
FORT WALTON BEACH, FL 32548

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

1793 - Glass and Glazing Work

NAICS Code

235920 - Glass and Glazing Contractors

Loan Approval Date

8/29/2003

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 6 employees. This SBA loan request did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Beach Community Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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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