Business Loan from First Home Bank Given to Food Preparations Company

An SBA loan from First Home Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Clearwater, Florida business owner got a $150,000 loan.

This small firm knew how to go about getting a business bank loan. Based in Clearwater, Florida, they applied for and received an SBA-guaranteed loan in 2003. The lending bank was First Home Bank, based in Seminole, Florida.

SBA Loan Borrower

COMPANY TYPE: FOOD PREPARATIONS
CLEARWATER, FL 33756

SBA Loan Lender

FIRST HOME BANK
9190 SEMINOLE BLVD
SEMINOLE, FL 33772

This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2099 - Food Preparations

NAICS Code

311999 - Food Manufacturing

Loan Approval Date

3/25/2003

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 2 employees. The SBA loan application for the borrower did not indicate that the company planned to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $150,000 loan. Remember, if it to be, it is up to me!

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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Good Banks for Small Business in Seminole, Florida

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