Zellwood, Florida Business Gets SBA-Guaranteed Funding from Florida Choice Bank
Florida Choice Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a Florida entrepreneur was able to get a loan to take a small business to the next level.
This business knew how to go about getting a business bank loan. Based in Zellwood, Florida, they applied for and received an SBA-guaranteed loan in 2003. The lending bank was Florida Choice Bank, based in Mount Dora, Florida.
SBA Loan Borrower
COMPANY TYPE: SEPTIC TANK AND RELATED SERVICES
ZELLWOOD, FL 32798
SBA Loan Lender
FLORIDA CHOICE BANK
18055 US HWY 441
MOUNT DORA, FL 32757
The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide commercial loans to to entrepreneurs who might have trouble getting a conventional bank loan.
SBA Loan Program Type
This loan was issued as a general business loan.
562991 - Septic Tank and Related Services
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $1,300,000 loan amount, the SBA guaranteed $975,000.
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 110 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.
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 $1,300,000 loan. Remember, feel the fear, and do it anyway.
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.
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