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May 4, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Panama City, Business Loans > Coastal Community Bank Panama City Business Loans > Metal Doors, Sash, Frames, Molding, And Trim Loan | ||||
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Examples of Port St. Joe SBA Loans
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Get an SBA Loan for Metal Window and Door ManufacturingLooking for loans for metal window and door manufacturing? Try the SBA. This $150,000 metal window and door manufacturing loan was issued by a Florida bank. Getting a small business loan in Port St. Joe, Florida was important for this growing firm back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Coastal Community Bank, operating out of Panama City, Florida. Here are the details on this Florida small business loan. SBA Loan Borrower COMPANY TYPE: METAL DOORS, SASH, FRAMES, MOLDING, AND TRIM SBA Loan Lender COASTAL COMMUNITY BANK This lender issued this particular small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3442 - Metal Doors, Sash, Frames, Molding, and Trim NAICS Code 332321 - Metal Window and Door Manufacturing Loan Approval Date 12/6/2000 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $112,500. 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 loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. 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: Small Business Banks in Panama City, Florida
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