Company Gets a Florida SBA Loan
Looking to get a Florida SBA loan? This Florida entrepreneur got an SBA loan, provided by a North Carolina bank that works with the SBA to help small business owners.
Getting a small business loan in Chuluota, Florida was a top priority for this particular business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Bank Of America. Here are the details on this Florida small business loan.
SBA Loan Borrower
COMPANY TYPE: PAINTING AND WALL COVERING CONTRACTORS
Chuluota, FL 32766
SBA Loan Lender
BANK OF AMERICA
100 N TRYON ST
CHARLOTTE, NC 28255
The lender provided this bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
238320 - Painting and Wall Covering Contractors
Loan Approval Date
11/15/2005
Loan Approval Gross Amount
$33,000
Loan Approval from the SBA
Of the total $33,000 loan amount, the SBA guaranteed $16,500.
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 6 employees. This SBA loan request indicated that the loan would help retain 6 existing jobs.
Getting an SBA Loan For Your Business
If you need money to start a small business or already have a business and need money to expand, an SBA loan can be a great way to raise money
While you may be able to find other ways to get money to start a business, 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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