Clearwater, Florida Business Gets SBA-Guaranteed Funding from Synovus Bank Of Tampa Bay

An SBA loan from Synovus Bank Of Tampa Bay typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Clearwater, Florida business owner got a $735,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Clearwater, Florida was able to borrow $735,000 from Synovus Bank Of Tampa Bay. The SBA made the loan possible by guaranteeing $551,250 of this Florida small business loan.

SBA Loan Borrower

COMPANY TYPE: TRAVELER ACCOMMODATION
CLEARWATER, FL 33767

SBA Loan Lender

SYNOVUS BANK OF TAMPA BAY
333 THIRD AVE NORTH
SAINT PETERSBURG, FL 33701

This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721199 - Traveler Accommodation

Loan Approval Date

5/24/2002

Loan Approval Gross Amount

$735,000

Loan Approval from the SBA

Of the total $735,000 loan amount, the SBA guaranteed $551,250.

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 loan application indicated that the loan would help retain 2 existing jobs.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Synovus Bank Of Tampa Bay 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:

Microlending as a Small Business Funding Source

SBA Approved Banks in Saint Petersburg, Florida

Florida SBA Bank Lenders