SBA Loan from Amresco Sba Holdings, Inc. Helps Eating Places Company
An SBA loan from Amresco Sba Holdings, Inc. typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Indian Rocks Beach, Florida business owner got a $445,000 loan.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Indian Rocks Beach, Florida was able to borrow $445,000 from Amresco Sba Holdings, Inc.. The SBA made the loan possible by guaranteeing $333,750 of this Florida small business loan.
SBA Loan Borrower
COMPANY TYPE: EATING PLACES
INDIAN ROCKS BEACH, FL 33785
SBA Loan Lender
AMRESCO SBA HOLDINGS, INC.
5221 N. O'CONNOR BLVD, SUITE
IRVING, TX 75039
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5812 - Eating Places
NAICS Code
722110 - Full-Service Restaurants
Loan Approval Date
5/5/2000
Loan Approval Gross Amount
$445,000
Loan Approval from the SBA
Of the total $445,000 loan amount, the SBA guaranteed $333,750.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 10 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 9 existing jobs.
Getting an SBA Loan For Your Business
If you are working on finding money to start a business in Indian Rocks Beach FL, you ought to talk with a local Indian Rocks Beach SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Indian Rocks Beach 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 Amresco Sba Holdings, Inc. 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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