Commercial Loans for Discount Department Stores

Looking for commercial loans for discount department stores? Try the SBA. This $127,500 discount department stores loan was issued by a Florida bank.

This business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Centerbank - Jacksonville, out of Jacksonville, Florida. The loan was granted and they received $127,500 to help grow their Jacksonville, Florida business.

SBA Loan Borrower

COMPANY TYPE: DISCOUNT DEPARTMENT STORES
JACKSONVILLE, FL 32201

SBA Loan Lender

CENTERBANK - JACKSONVILLE
1325 HENDRICKS AVE
JACKSONVILLE, FL 32207

This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

452112 - Discount Department Stores

Loan Approval Date

5/17/2005

Loan Approval Gross Amount

$127,500

Loan Approval from the SBA

Of the total $127,500 loan amount, the SBA guaranteed $108,375.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 2 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Centerbank - Jacksonville so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Alternative Financing

SBA Approved Banks in Jacksonville, Florida

Getting an SBA Loan in Florida