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May 11, 2024  
 
 
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Get an SBA 7A Loan in Saint Augustine, Florida

 

 
Loan Census SBA Loan Info

Growing Company Gets a Florida SBA Loan

Bank loans in Florida are hard to find these days. We take a look at one Florida bank loan, provided by a North Carolina bank, that was approved by the SBA.

Getting a small business loan in Saint Augustine, Florida was a top priority for this loan applicant back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Branch Bank & Trust. Here are the details on this Florida small business loan.

SBA Loan Borrower

COMPANY TYPE: CHILD DAY CARE SERVICES
SAINT AUGUSTINE, FL 32259

SBA Loan Lender

BRANCH BANK & TRUST
200 W 2ND ST
WINSTON SALEM, NC 27101

This lender processed this bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

624410 - Child Day Care Services

Loan Approval Date

3/4/2004

Loan Approval Gross Amount

$210,000

Loan Approval from the SBA

Of the total $210,000 loan amount, the SBA guaranteed $105,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 9 new jobs and retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

We can help you find the best banks for small businesses in Saint Augustine or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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