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November 15, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Orlando, Business Loans > Mercantile Bank, A Division Of Orlando Business Loans > Outpatient Care Centers Loan | ||||
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Orlando, Florida SBA Lenders
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Orlando, Florida Bank Gives SBA Loan to Outpatient Care Centers CompanyWant to talk with an Orlando, Florida bank about a business loan? Here's one Florida business loan, issued by an Orlando bank, that was approved by the SBA. Applying for an SBA loan with Mercantile Bank, A Division Of worked out well for our friends at one local firm in Jacksonville, Florida. They received an SBA loan for $100,500. Great job! SBA Loan Borrower COMPANY TYPE: OUTPATIENT CARE CENTERS SBA Loan Lender MERCANTILE BANK, A DIVISION OF This debt financing was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 621498 - Outpatient Care Centers Loan Approval Date 11/21/2001 Loan Approval Gross Amount $100,500 Loan Approval from the SBA Of the total $100,500 loan amount, the SBA guaranteed $85,425. 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 7 employees. The loan application did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Mercantile Bank, A Division Of that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Dealing With Venture Capitalists Small Business Banks in Orlando, Florida
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