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December 26, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Bradenton, Business Loans > Community Bank Of Manatee Bradenton Business Loans > Paint, Varnish, And Supplies Merchant Wholesalers Loan | ||||
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Business Loans from Community Bank Of Manatee
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Community Bank Of Manatee SBA Loan to Paint, Varnish, And Supplies Merchant Wholesalers CompanyCommunity Bank Of Manatee is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Florida entrepreneur who tapped into the power of SBA loans. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Bradenton, Florida was able to borrow $200,000 from Community Bank Of Manatee. The SBA made the loan possible by guaranteeing $150,000 of this Florida small business loan. SBA Loan Borrower COMPANY TYPE: PAINT, VARNISH, AND SUPPLIES MERCHANT WHOLESALERS SBA Loan Lender COMMUNITY BANK OF MANATEE As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 424950 - Paint, Varnish, and Supplies Merchant Wholesalers Loan Approval Date 6/7/2005 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $150,000. 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 2 employees. The SBA loan documents indicated that the loan would help retain 2 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Community Bank Of Manatee and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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 - How to Borrow Money Best Banks for Small Business in Bradenton, Florida
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