Loan Census Banking News and Information
May 9, 2024  
 
 
  Business Loan Information  
 

How to Get a Small Business Loan in Tampa, Florida

 

 
Loan Census SBA Loan Info

Tampa, Florida Entrepreneur Gets a Small Business Loan

SBA loans in Florida are are few and far betweeen these days. We take a look at one Florida SBA loan, provided by a Florida bank, that was approved by the SBA.

This company, based in Tampa, Florida, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Southern Comm. Bank. We've got the inside scoop on this Florida small business loan.

SBA Loan Borrower

COMPANY TYPE: GLASS PRODUCTS, MADE OF PURCHASED GLASS
TAMPA, FL 33634

SBA Loan Lender

SOUTHERN COMM. BANK
5650 BRECKENRIDGE PARK DR, ST
TAMPA, FL 33610

This lender issued this bank loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3231 - Glass Products, Made of Purchased Glass

NAICS Code

327215 - Glass Product Manufacturing Made of Purchased Glass

Loan Approval Date

10/16/2000

Loan Approval Gross Amount

$149,200

Loan Approval from the SBA

Of the total $149,200 loan amount, the SBA guaranteed $111,900.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 22 employees. The loan application did not indicate that the small business promised to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need business start up money in Tampa FL, you ought to talk with a local Tampa SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Tampa businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $149,200 loan. Remember, feel the fear, and do it anyway.

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:

Accountant's Role in Securing Financing

Banks in Tampa, Florida

SBA Lenders in Florida