Entrepreneur Works With Tampa, Florida Bank to Get an SBA Loan

Find Tampa, Florida banks that specialize in small business loans and know how to work with entrepreneurs. Southern Comm. Bank is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Clearwater, Florida starts with an understanding of who else has gotten loans in the area. In this case, a small company received funding from Southern Comm. Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: METALS SERVICE CENTERS AND OFFICES
CLEARWATER, FL 33762

SBA Loan Lender

SOUTHERN COMM. BANK
5650 BRECKENRIDGE PARK DR, ST
TAMPA, FL 33610

This loan for a small business was financed 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

5051 - Metals Service Centers and Offices

NAICS Code

421510 - Metal Service Centers and Offices

Loan Approval Date

8/6/2002

Loan Approval Gross Amount

$382,500

Loan Approval from the SBA

Of the total $382,500 loan amount, the SBA guaranteed $286,875.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 12 employees. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start business in Clearwater FL, you ought to talk with a local Clearwater SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Clearwater businesses.

While you may be able to borrow money from friends and family, 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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