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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 > Painting And Wall Covering Loan | ||||
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How to Get an SBA Loan in Boynton Beach, Florida
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Local Business Gets a Florida Bank LoanBusiness loans in Florida are are few and far betweeen these days. We take a look at one Florida business loan, provided by a Delaware bank, that was approved by the SBA. By giving the right information to Lehman Brothers Bank, Fsb, this Boynton Beach, 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: PAINTING AND WALL COVERING SBA Loan Lender LEHMAN BROTHERS BANK, FSB This loan for a small business was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. 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 235210 - Painting and Wall Covering Loan Approval Date 2/2/2005 Loan Approval Gross Amount $265,900 Loan Approval from the SBA Of the total $265,900 loan amount, the SBA guaranteed $132,950. 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 6 employees. The SBA loan application for the borrower indicated that the loan would help retain 6 existing jobs. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. 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 Lehman Brothers Bank, Fsb 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: Obtaining Funding - Getting Venture Capital Best Wilmington, Delaware Banks for Small Business
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