Jacksonville, Florida Bank Gives SBA Loan to Hobby, Toy, And Game Shops Company
A Jacksonville, Florida business loan can be yours. Learn how a business got a $130,000 business loan from this Florida bank.
This loan to an entrepreneur is a good example of an SBA loan. Centerbank - Jacksonville made the loan and the SBA guaranteed a portion of the loan. Many other Florida entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.
SBA Loan Borrower
COMPANY TYPE: HOBBY, TOY, AND GAME SHOPS
ATLANTIC BEACH, FL 32233
SBA Loan Lender
CENTERBANK - JACKSONVILLE
1325 HENDRICKS AVE
JACKSONVILLE, FL 32207
This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5945 - Hobby, Toy, and Game Shops
NAICS Code
451120 - Hobby, Toy, and Game Stores
Loan Approval Date
9/26/2003
Loan Approval Gross Amount
$130,000
Loan Approval from the SBA
Of the total $130,000 loan amount, the SBA guaranteed $110,500.
More Information on This SBA Loan
The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 4 employees. The loan application did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.
Getting an SBA Loan For Your Business
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Centerbank - Jacksonville so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.
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:
Financing Your Business
Good Banks for Small Business in Jacksonville, Florida
Florida SBA 7A Lenders