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November 15, 2024  
 
 
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I Need a Small Business Loan in Clearwater, Florida

 

 
Loan Census SBA Loan Info

Where to Get Capital for Metal Service Centers and Metal Merchant Wholesalers

With these small business loans for metal service centers and metal merchant wholesalers, the SBA guarantees the lender that the loan will be repaid. This metal service centers and metal merchant wholesalers loan for $1,500,000 was given to a Florida entrepreneur in 2005.

Getting a small business loan in Clearwater, Florida was important for this growing firm back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Southern Comm. Bank, operating out of Tampa, Florida. Here are the details on this Florida small business loan.

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

When it made this small business loan, this lending institution participated in the SBA's Certified Lenders Program (CLP). This program is designed to give rapid service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5051 - Metals Service Centers and Offices

NAICS Code

423510 - Metal Service Centers and Metal Merchant Wholesalers

Loan Approval Date

2/16/2005

Loan Approval Gross Amount

$1,500,000

Loan Approval from the SBA

Of the total $1,500,000 loan amount, the SBA guaranteed $698,700.

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 11 employees. The loan application did not indicate that the small business planned to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Southern Comm. Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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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