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November 15, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Lake City, Business Loans > First Fed. Savings Bank - Florid Lake City Business Loans > Insurance Agents And Brokers Loan | ||||
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Lake City, Florida Bank Loan
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Commercial Loans for Insurance Agencies and BrokeragesLooking for commercial loans for insurance agencies and brokerages? The SBA may be the answer. This $92,000 insurance agencies and brokerages loan was issued by a Florida bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Lake City, Florida was able to borrow $92,000 from First Fed. Savings Bank - Florid. The SBA made the loan possible by guaranteeing $73,600 of this Florida small business loan. SBA Loan Borrower COMPANY TYPE: INSURANCE AGENTS AND BROKERS SBA Loan Lender FIRST FED. SAVINGS BANK - FLORID This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 6411 - Insurance Agents and Brokers NAICS Code 524210 - Insurance Agencies and Brokerages Loan Approval Date 7/10/2000 Loan Approval Gross Amount $92,000 Loan Approval from the SBA Of the total $92,000 loan amount, the SBA guaranteed $73,600. 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 6 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Find an SBA Lender in Lake City, Florida
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