 |
 |
January 22, 2025 |
|
|
|
|
||
| Home > Small Business Lenders by State > Florida Business Loan Sources > Charlotte, Business Loans > Bank Of America Charlotte Business Loans > Durable Goods Merchant Wholesalers Loan | ||||
 |
||||
Fort Lauderdale, Florida Bank for SBA Loans
|
||||
 |
Bank Of America Gives SBA Loan to Durable Goods Merchant Wholesalers CompanyBusiness loans in Florida are hard to find these days. We take a look at one Florida business loan, provided by a North Carolina bank, that was approved by the SBA. You can learn something about getting a small business loan in Fort Lauderdale, Florida by studying this loan to a local business, made back in 2005. Banks like Bank Of America may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: DURABLE GOODS MERCHANT WHOLESALERS SBA Loan Lender BANK OF AMERICA 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 423990 - Durable Goods Merchant Wholesalers Loan Approval Date 4/18/2005 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $25,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 6 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you are working on finding money to start a business in Fort Lauderdale FL, you ought to talk with a local Fort Lauderdale SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Fort Lauderdale businesses. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Bank Of America and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: SBA 7A Banks in Charlotte, North Carolina
|
|
||
|
||||
|
|
||||