Bank Loans for Shellfish Farming

With these bank loans for shellfish farming, the SBA guarantees the lender that the loan will be repaid. This shellfish farming loan for $249,300 was given to a Florida entrepreneur in 2004.

This company received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Bank Of The West, out of San Francisco, California. The loan was granted and they received $249,300 to help grow their Boynton Beach, Florida business.

SBA Loan Borrower

COMPANY TYPE: ANIMAL AQUACULTURE
BOYNTON BEACH, FL 33435

SBA Loan Lender

BANK OF THE WEST
180 MONTGOMERY ST
SAN FRANCISCO, CA 94104

This debt financing was issued by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a comprehensive analysis of the loan application and, in return, SBA promises a quick answer on whether the loan qualifies.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

0273 - Animal Aquaculture

NAICS Code

112512 - Shellfish Farming

Loan Approval Date

10/26/2004

Loan Approval Gross Amount

$249,300

Loan Approval from the SBA

Of the total $249,300 loan amount, the SBA guaranteed $186,975.

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 6 employees. This SBA loan request did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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