Entrepreneur Works With Weston, Florida Bank to Get an SBA Loan

Get SBA loans from a Weston, Florida bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too.

Colonial Bank is a Weston, Florida small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Florida company.

SBA Loan Borrower

COMPANY TYPE: HOMEFURNISHINGS
FORT MYERS, FL 33908

SBA Loan Lender

COLONIAL BANK
1625 N COMMERCE PKWY
WESTON, FL 33326

This lender issued this loan for a small business under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5023 - Homefurnishings

NAICS Code

421220 - Home Furnishing Wholesalers

Loan Approval Date

2/8/2001

Loan Approval Gross Amount

$390,000

Loan Approval from the SBA

Of the total $390,000 loan amount, the SBA guaranteed $292,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 12 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you need business start up money in Fort Myers FL, you ought to talk with a local Fort Myers SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Fort Myers businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $390,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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.

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Entrepreneur Works With Weston, Florida Bank to Get an SBA Loan