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November 16, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Hartford, Business Loans > Business Lenders, LLC Hartford Business Loans > Eating Places Loan | ||||
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SBA Loans from Business Lenders, LLC
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Business Loan from Business Lenders, LLC Given to Eating Places CompanyAn SBA loan from Business Lenders, LLC typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Delray Beach, Florida business owner got a $142,500 loan. This growing company knew how to go about getting a business bank loan. Based in Delray Beach, Florida, they applied for and received an SBA-guaranteed loan in 2001. The lending bank was Business Lenders, LLC, based in Hartford, Connecticut. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender BUSINESS LENDERS, LLC This was a Low Documentation SBA loan. The SBA created this program to limit the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 11/19/2001 Loan Approval Gross Amount $142,500 Loan Approval from the SBA Of the total $142,500 loan amount, the SBA guaranteed $121,125. 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 12 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great way to raise money 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 $142,500 loan. Remember, fight for what you want, and it will be yours! 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: Obtaining Funding From a Venture Capitalist SBA 7A Banks in Hartford, Connecticut
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