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May 9, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Tampa, Business Loans > Southern Comm. Bank Tampa Business Loans > Plastics Materials And Basic Forms And Shapes Loan | ||||
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Raising Money in Tampa, Florida With SBA Loans
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Plastics Materials and Basic Forms and Shapes Wholesalers LoansLooking for loans for plastics materials and basic forms and shapes wholesalers? The SBA may be the answer. This $775,000 plastics materials and basic forms and shapes wholesalers loan was issued by a Florida bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Tampa, Florida was able to borrow $775,000 from Southern Comm. Bank. The SBA made the loan possible by guaranteeing $581,250 of this Florida small business loan. SBA Loan Borrower COMPANY TYPE: PLASTICS MATERIALS AND BASIC FORMS AND SHAPES SBA Loan Lender SOUTHERN COMM. BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5162 - Plastics Materials and Basic Forms and Shapes NAICS Code 422610 - Plastics Materials and Basic Forms and Shapes Wholesalers Loan Approval Date 4/20/2000 Loan Approval Gross Amount $775,000 Loan Approval from the SBA Of the total $775,000 loan amount, the SBA guaranteed $581,250. 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 44 employees. This SBA loan request did not indicate that the small business promised to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan 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. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Family and Friend Investors - Your First Financiers
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