Capitalsouth Bank Gives Bank Loan to Sporting And Athletic Goods Manufacturing Company
FloridaBank loans are available to Florida firms through the SBA. In this case, a Florida bank provides the loan.
You can learn something about getting a small business loan in Jacksonville, Florida by studying this loan to a local company, made back in 2003. Banks like Capitalsouth Bank may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: SPORTING AND ATHLETIC GOODS MANUFACTURING
JACKSONVILLE, FL 32256
SBA Loan Lender
CAPITALSOUTH BANK
10696 OLD ST. AUGUSTINE RD
JACKSONVILLE, FL 32257
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
339920 - Sporting and Athletic Goods Manufacturing
Loan Approval Date
7/9/2003
Loan Approval Gross Amount
$150,000
Loan Approval from the SBA
Of the total $150,000 loan amount, the SBA guaranteed $127,500.
More Information on This SBA Loan
The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 3 employees. The SBA loan documents did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees.
Getting an SBA Loan For Your Business
SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.
Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
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:
Determining Proper Capital Structure for a Business
SBA Approved Banks in Jacksonville, Florida
SBA Florida Banks