Florida Small Business Loan Issued to Fabricated Rubber Products, N.E.C Company

FloridaBusiness loans are available to Florida business owners through the SBA. In this case, a Florida bank provides the loan.

By giving the right information to Flagler Bank, this Lake Worth, Florida business was able to get an SBA loan. To get this loan, the business owner gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back.

SBA Loan Borrower

COMPANY TYPE: FABRICATED RUBBER PRODUCTS, N.E.C
LAKE WORTH, FL 33461

SBA Loan Lender

FLAGLER BANK
1801 FOREST HILL BLVD
WEST PALM BEACH, FL 33406

This lender issued this SBA 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

3069 - Fabricated Rubber Products, N.E.C

NAICS Code

326299 - Rubber Product Manufacturing

Loan Approval Date

5/23/2000

Loan Approval Gross Amount

$1,083,200

Loan Approval from the SBA

Of the total $1,083,200 loan amount, the SBA guaranteed $749,574.

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 90 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide money to small business owners for working capital for other expenses.

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.

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