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April 26, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Bradenton, Business Loans > M&i Marshall & Ilsley Bank Bradenton Business Loans > Special Trade Contractors Loan | ||||
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Sarasota, Florida Bank for SBA Loans
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Where to Get Capital for Glass and Glazing ContractorsLooking for SBA loans for glass and glazing contractors? An SBA loan may be just what you've been looking for. This $100,000 glass and glazing contractors loan was issued by a Florida bank. This business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with M&i Marshall & Ilsley Bank, out of Bradenton, Florida. The loan was granted and they received $100,000 to help grow their Sarasota, Florida business. SBA Loan Borrower COMPANY TYPE: SPECIAL TRADE CONTRACTORS SBA Loan Lender M&I MARSHALL & ILSLEY BANK This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1799 - Special Trade Contractors NAICS Code 235920 - Glass and Glazing Contractors Loan Approval Date 3/14/2002 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $85,000. 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 26 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan If you are working on finding money to start a business in Sarasota FL, you ought to talk with a local Sarasota SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Sarasota businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. M&i Marshall & Ilsley Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, M&i Marshall & Ilsley Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Banking Deregulation's Effects on Entrepreneurship Best Bradenton, Florida Banks for Small Business
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