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May 8, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Tampa, Business Loans > Southern Comm. Bank Tampa Business Loans > Office Equipment Loan | ||||
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Southern Comm. Bank Business Loans
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SBA Loan from Southern Comm. Bank Helps Office Equipment CompanyAn SBA loan from Southern Comm. Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Tampa, Florida business owner got a $895,923 loan. This growing company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Southern Comm. Bank, out of Tampa, Florida. The loan was granted and they received $895,923 to help grow their Tampa, Florida business. SBA Loan Borrower COMPANY TYPE: OFFICE EQUIPMENT SBA Loan Lender SOUTHERN COMM. BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide bank loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5044 - Office Equipment NAICS Code 453210 - Office Supplies and Stationery Loan Approval Date 11/22/2000 Loan Approval Gross Amount $895,923 Loan Approval from the SBA Of the total $895,923 loan amount, the SBA guaranteed $537,554. 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 40 employees. The loan application did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Southern Comm. Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: The Friends and Family Network SBA 7A Banks in Tampa, Florida
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