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January 22, 2025 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Richmond, Business Loans > Suntrust Bank Richmond Business Loans > Limousine Service Loan | ||||
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Raising Money in Deerfield Beach, Florida With SBA Loans
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Get an SBA Loan for Limousine ServiceWith these small business loans for limousine service, the SBA guarantees the lender that the loan will be repaid. This limousine service loan for $30,800 was given to a Florida entrepreneur in 2005. This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Suntrust Bank, out of Richmond, Virginia. The loan was granted and they received $30,800 to help grow their Deerfield Beach, Florida business. SBA Loan Borrower COMPANY TYPE: LIMOUSINE SERVICE SBA Loan Lender SUNTRUST BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 485320 - Limousine Service Loan Approval Date 6/7/2005 Loan Approval Gross Amount $30,800 Loan Approval from the SBA Of the total $30,800 loan amount, the SBA guaranteed $15,400. More Information on This SBA Loan The borrower borrowed this money for a new 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 7 employees. The SBA loan application for the borrower indicated that the loan would help retain 7 existing jobs. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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 Best Banks for Small Business in Richmond, Virginia Where to Get an SBA Loan Virginia
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