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May 7, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Longwood, Business Loans > Orlando National Bank Longwood Business Loans > Crushed And Broken Limestone Loan | ||||
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Requirements for Business Owners On Getting a Loan
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Construction Sand and Gravel Mining Commercial LoansLooking for commercial loans for construction sand and gravel mining? An SBA loan may be just what you've been looking for. This $550,000 construction sand and gravel mining loan was issued by a Florida bank. This business knew how to go about getting a business bank loan. Based in Titusville, Florida, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Orlando National Bank, based in Longwood, Florida. SBA Loan Borrower COMPANY TYPE: CRUSHED AND BROKEN LIMESTONE SBA Loan Lender ORLANDO NATIONAL BANK This SBA small business 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. SIC Code 1422 - Crushed and Broken Limestone NAICS Code 212321 - Construction Sand and Gravel Mining Loan Approval Date 12/4/2001 Loan Approval Gross Amount $550,000 Loan Approval from the SBA Of the total $550,000 loan amount, the SBA guaranteed $412,500. 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 3 employees. This SBA loan request did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. 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 Orlando National 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: Obtaining Funding - Getting Venture Capital SBA Participating Banks in Longwood, Florida Browse All Business Loan Sources for Florida
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