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April 29, 2024 |
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| Home > Small Business Lenders by State > Indiana Business Loan Sources > Panama City Beach, Business Loans > Business Loan Center, LLC Panama City Beach Business Loans > Prefabricated Wood Building Manufacturing Loan | ||||
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Requirements for Small Businesses On Getting a Loan
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Financing for Prefabricated Wood Building ManufacturingLooking for commercial loans for prefabricated wood building manufacturing? The SBA may be the answer. This $25,000 prefabricated wood building manufacturing loan was issued by a Florida bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Trafalgar, Indiana was able to borrow $25,000 from Business Loan Center, LLC. The SBA made the loan possible by guaranteeing $21,250 of this Indiana small business loan. SBA Loan Borrower COMPANY TYPE: PREFABRICATED WOOD BUILDING MANUFACTURING SBA Loan Lender BUSINESS LOAN CENTER, LLC This loan for a small business 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 321992 - Prefabricated Wood Building Manufacturing Loan Approval Date 7/12/2005 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $21,250. 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 2 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 2 existing jobs. Getting an SBA Loan For Your Business Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Business Loan Center, LLC and they will explain how you can get an SBA loan for your company. 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: SBA Banks in Panama City Beach, Florida
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