 |
 |
November 16, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Florida Business Loan Sources > Lakeland, Business Loans > Colonial Bank Lakeland Business Loans > Baked Goods Stores Loan | ||||
 |
||||
SBA Lenders Florida
|
||||
 |
Lakeland, Florida Bank Lends Money to Baked Goods Stores Company in Lakeland, FloridaWant to talk with a Lakeland, Florida bank about a small business loan? Here's one Florida business loan, issued by a Lakeland bank, that was approved by the SBA. Applying for an SBA loan with Colonial Bank worked out well for our friends at one local firm in Lakeland, Florida. They got an SBA loan for $150,000. Awesome! SBA Loan Borrower COMPANY TYPE: BAKED GOODS STORES SBA Loan Lender COLONIAL BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 445291 - Baked Goods Stores Loan Approval Date 4/21/2004 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. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business Although it's called an SBA loan, you 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. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Colonial Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Where to Get an SBA Loan in Lakeland, Florida
|
|
||
|
||||
|
|
||||