Gainesville, Florida Bank Lends Money to Poured Concrete Foundation And Structure Contractors Company in Gainesville, Florida

Find Gainesville, Florida banks that specialize in business loans and know how to work with entrepreneurs. Merchants & Southern Bank is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Gainesville, Florida starts with an understanding of who else has gotten loans in the area. In this case, a small company received funding from Merchants & Southern Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: POURED CONCRETE FOUNDATION AND STRUCTURE CONTRACTORS
GAINESVILLE, FL 32609

SBA Loan Lender

MERCHANTS & SOUTHERN BANK
3631 N MAIN ST
GAINESVILLE, FL 32609

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.

NAICS Code

238110 - Poured Concrete Foundation and Structure Contractors

Loan Approval Date

1/3/2005

Loan Approval Gross Amount

$677,800

Loan Approval from the SBA

Of the total $677,800 loan amount, the SBA guaranteed $508,350.

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 16 employees. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

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 Merchants & Southern Bank 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.

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Where to Get an SBA Loan Florida