Getting an SBA Loan for Manufacturing and Industrial Building Construction

Looking for commercial loans for manufacturing and industrial building construction? The SBA may be the answer. This $1,085,000 manufacturing and industrial building construction loan was issued by a Florida bank.

Getting a small business loan in Ft. Walton Beach, Florida was important for this business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from 1st National Bank - Florida, operating out of Destin, Florida. Here are the details on this Florida small business loan.

SBA Loan Borrower

COMPANY TYPE: MANUFACTURING AND INDUSTRIAL BUILDING CONSTRUCTION
FT. WALTON BEACH, FL 32548

SBA Loan Lender

1ST NATIONAL BANK - FLORIDA
17005 EMERALD COAST PKWY
DESTIN, FL 32541

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

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

233310 - Manufacturing and Industrial Building Construction

Loan Approval Date

9/5/2002

Loan Approval Gross Amount

$1,085,000

Loan Approval from the SBA

Of the total $1,085,000 loan amount, the SBA guaranteed $813,750.

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 18 employees. This SBA loan request 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

Every year, the SBA guarantees over $10 billion for loans just like this one.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Small Business Loan

Find an SBA Lender in Destin, Florida

Where to Get an SBA Loan Florida