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April 25, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Fort Myers, Business Loans > First American Bank Fort Myers Business Loans > New Single-Family Housing Construction Loan | ||||
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Florida SBA Lenders
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Entrepreneur Works With Fort Myers, Florida Bank to Get an SBA LoanThinking about meeting with a Fort Myers, Florida bank about an SBA loan? Here's one Iowa business loan, issued by a Fort Myers bank, that was approved by the SBA. Applying for an SBA loan with First American Bank worked out well for our friends at one local firm in West Des Moines, Iowa. The business was able to get an SBA loan for $750,000. Awesome! SBA Loan Borrower COMPANY TYPE: NEW SINGLE-FAMILY HOUSING CONSTRUCTION SBA Loan Lender FIRST AMERICAN BANK 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 236115 - New Single-Family Housing Construction Loan Approval Date 1/16/2004 Loan Approval Gross Amount $750,000 Loan Approval from the SBA Of the total $750,000 loan amount, the SBA guaranteed $562,500. 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 38 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. We can help you find the best banks for small businesses in West Des Moines or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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 7A Banks for Fort Myers, Florida Loans
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