Getting an SBA Loan for Florists

Looking for commercial loans for florists? Try the SBA. This $20,346 florists loan was issued by a Nebraska bank.

This business knew how to go about getting a business bank loan. Based in Balck Hawk, South Dakota, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Security First Bank, based in Lincoln, Nebraska.

SBA Loan Borrower

COMPANY TYPE: FLORISTS
BALCK HAWK, SD 57718

SBA Loan Lender

SECURITY FIRST BANK
5710 S 53RD ST
LINCOLN, NE 68516

This was a Low Documentation SBA loan. The SBA created this program to limit the paperwork associated with appliying for an SBA loan . The low-doc program requires 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.

NAICS Code

453110 - Florists

Loan Approval Date

9/30/2005

Loan Approval Gross Amount

$20,346

Loan Approval from the SBA

Of the total $20,346 loan amount, the SBA guaranteed $17,294.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 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.

Next Steps for Getting an SBA Loan

If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great funding source

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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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