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December 20, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Jacksonville, Business Loans > Capitalsouth Bank Jacksonville Business Loans > Operative Builders Loan | ||||
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Banks in Florida
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Where to Get Capital for Commercial and Institutional Building ConstructionWith these small business loans for commercial and institutional building construction, the SBA guarantees the lender that the loan will be repaid. This commercial and institutional building construction loan for $30,000 was given to a Florida entrepreneur in 2000. This company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Capitalsouth Bank, out of Jacksonville, Florida. The loan was granted and they received $30,000 to help grow their Jacksonville, Florida business. SBA Loan Borrower COMPANY TYPE: OPERATIVE BUILDERS SBA Loan Lender CAPITALSOUTH BANK This lender issued this business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1531 - Operative Builders NAICS Code 233320 - Commercial and Institutional Building Construction Loan Approval Date 5/17/2000 Loan Approval Gross Amount $30,000 Loan Approval from the SBA Of the total $30,000 loan amount, the SBA guaranteed $24,000. 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 3 employees. The loan application did not indicate that the company 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. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: The Friends and Family Network SBA 7A Banks for Jacksonville, Florida Loans
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