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December 22, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Champaign, Business Loans > Busey Bank Champaign Business Loans > Sheet Metal Work Loan | ||||
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Small Business Banks for Fort Myers, Florida Small Businesses
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Business Loans for Sheet Metal Work ManufacturingWith these business loans for sheet metal work manufacturing, the SBA guarantees the lender that the loan will be repaid. This sheet metal work manufacturing loan for $500,000 was given to a Florida entrepreneur in 2003. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Fort Myers, Florida was able to borrow $500,000 from Busey Bank. The SBA made the loan possible by guaranteeing $375,000 of this Florida small business loan. SBA Loan Borrower COMPANY TYPE: SHEET METAL WORK SBA Loan Lender BUSEY BANK At the time this loan was granted, this lending institution was part of the SBA's Certified Lenders Program (CLP). This program is designed to provide fast service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3444 - Sheet Metal Work NAICS Code 332322 - Sheet Metal Work Manufacturing Loan Approval Date 2/13/2003 Loan Approval Gross Amount $500,000 Loan Approval from the SBA Of the total $500,000 loan amount, the SBA guaranteed $375,000. 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 100 employees. The SBA loan application for the borrower did not indicate that the company promised to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $500,000 loan. Remember, you control your own destiny. 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: Banking Deregulation's Effects on Entrepreneurship Best Champaign, Illinois Banks for Small Business Browse All Business Loan Sources for Illinois
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