Where to Get Capital for Residential Remodelers

With these small business loans for residential remodelers, the SBA guarantees the lender that the loan will be repaid. This residential remodelers loan for $10,000 was given to a Florida entrepreneur in 2006.

Getting a small business loan in Sarasota, Florida was important for this growing firm back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Bankunited, Fsb, operating out of Coral Gables, Florida. Here are the details on this Florida small business loan.

SBA Loan Borrower

COMPANY TYPE: RESIDENTIAL REMODELERS
SARASOTA, FL 34231

SBA Loan Lender

BANKUNITED, FSB
255 ALHAMBRA CIR, 2ND FL
CORAL GABLES, FL 33134

This loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

236118 - Residential Remodelers

Loan Approval Date

8/1/2006

Loan Approval Gross Amount

$10,000

Loan Approval from the SBA

Of the total $10,000 loan amount, the SBA guaranteed $5,000.

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 2 employees. The SBA loan application for the borrower indicated that the loan would help retain 2 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

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.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Bankunited, Fsb and they will explain how you can get an SBA loan for your company.

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:

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SBA 7A Banks for Coral Gables, Florida Loans

Florida SBA 7A Lenders