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December 22, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Wilmington, Business Loans > Lehman Brothers Bank, Fsb Wilmington Business Loans > Roofing, Siding, And Sheet Metal Contractors Loan | ||||
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Getting an SBA Loan in Boca Raton, Florida
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Lehman Brothers Bank, Fsb Gives SBA Loan to Roofing, Siding, And Sheet Metal Contractors CompanyWould a Florida business loan help your company expand? If so, you may want to talk with this Delaware bank, which offers SBA loans to Florida entrepreneurs. By giving the right information to Lehman Brothers Bank, Fsb, this Boca Raton, Florida business was able to get an SBA loan. To get this loan, the business owner gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: ROOFING, SIDING, AND SHEET METAL CONTRACTORS SBA Loan Lender LEHMAN BROTHERS BANK, FSB This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 235610 - Roofing, Siding, and Sheet Metal Contractors Loan Approval Date 10/8/2004 Loan Approval Gross Amount $215,900 Loan Approval from the SBA Of the total $215,900 loan amount, the SBA guaranteed $107,950. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the loan would help retain 3 existing jobs. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Lehman Brothers Bank, Fsb that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Raising VC Money for Social Networking Companies Good Banks for Small Business in Wilmington, Delaware
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