Business Loan from Community Bank Of Florida Given to Apparel And Accessory Stores Company

Community Bank Of Florida has a track record as a leading provider of SBA loans. Find out how this Florida entrepreneur received an SBA loan from them.

This small firm knew how to go about getting a business bank loan. Based in Florida City, Florida, they applied for and received an SBA-guaranteed loan in 2005. The lending bank was Community Bank Of Florida, based in Homestead, Florida.

SBA Loan Borrower

COMPANY TYPE: APPAREL AND ACCESSORY STORES
FLORIDA CITY, FL 33034

SBA Loan Lender

COMMUNITY BANK OF FLORIDA
28801 SW 157TH AVE
HOMESTEAD, FL 33030

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA small business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5699 - Apparel and Accessory Stores

NAICS Code

448150 - Clothing Accessories Stores

Loan Approval Date

4/7/2005

Loan Approval Gross Amount

$115,000

Loan Approval from the SBA

Of the total $115,000 loan amount, the SBA guaranteed $97,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

This SBA loan was for $115,000. How would you spend $115,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

504 Loans

SBA Banks in Homestead, Florida

Getting an SBA Loan in Florida