Loan Census Banking News and Information
November 21, 2024  
 
 
  Business Loan Information  
 

Small Business Banks That Lend to Englewood Small Businesses

 

 
Loan Census SBA Loan Info

Florida SBA Loan Issued to Paint And Wallpaper Stores Company

Would a Florida bank loan help help your firm avoid a serious cash crunch? If so, you may want to talk with this New York bank, which offers SBA loans to Florida entrepreneurs.

Getting a small business loan in Englewood, Florida was a top priority for this loan applicant back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Business Loan Center, LLC. Here are the details on this Florida small business loan.

SBA Loan Borrower

COMPANY TYPE: PAINT AND WALLPAPER STORES
ENGLEWOOD, FL 34223

SBA Loan Lender

BUSINESS LOAN CENTER, LLC
1633 BROADWAY, 39TH FL
NEW YORK, NY 10019

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

444120 - Paint and Wallpaper Stores

Loan Approval Date

5/3/2001

Loan Approval Gross Amount

$396,800

Loan Approval from the SBA

Of the total $396,800 loan amount, the SBA guaranteed $297,600.

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 6 employees. The SBA loan documents indicated that the loan would help retain 6 existing jobs.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a company in Englewood FL, you ought to talk with a local Englewood SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Englewood businesses.

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:

Role of Business Plan When Raising Money

Best Banks for Small Business in New York, New York

SBA Lenders in New York