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April 18, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Mount Dora, Business Loans > 1st National Bank - Mt Dora Mount Dora Business Loans > Boat Building Loan | ||||
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Florida Bank SBA Loans
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Mount Dora, Florida Bank Lends Money to Boat Building Company in Tavares, FloridaThinking about meeting with a Mount Dora, Florida bank about a small business loan? Here's one Florida business loan, issued by a Mount Dora bank, that was approved by the SBA. Applying for an SBA loan with 1st National Bank - Mt Dora worked out well for our friends at one local company in Tavares, Florida. They received an SBA loan for $141,000. Sweet! SBA Loan Borrower COMPANY TYPE: BOAT BUILDING SBA Loan Lender 1ST NATIONAL BANK - MT DORA This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 336612 - Boat Building Loan Approval Date 9/23/2002 Loan Approval Gross Amount $141,000 Loan Approval from the SBA Of the total $141,000 loan amount, the SBA guaranteed $119,850. 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 9 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. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. 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 $141,000 loan. Remember, things become real when you believe you can achieve them! 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: Microlending as a Small Business Funding Source Who Lends Money to Small Businesses in Mount Dora, Florida
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