Raising Money for Manufacturing

With these bank loans for manufacturing, the SBA guarantees the lender that the loan will be repaid. This manufacturing loan for $101,000 was given to a Florida entrepreneur in 2001.

This company knew how to go about getting a business bank loan. Based in Largo, Florida, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Orlando National Bank, based in Longwood, Florida.

SBA Loan Borrower

COMPANY TYPE: MANUFACTURING
LARGO, FL 33771

SBA Loan Lender

ORLANDO NATIONAL BANK
502 N HWY 17-92
LONGWOOD, FL 32750

This lender issued this loan for a small business under the SBA 7A lending program , 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.

NAICS Code

339999 - Manufacturing

Loan Approval Date

11/28/2001

Loan Approval Gross Amount

$101,000

Loan Approval from the SBA

Of the total $101,000 loan amount, the SBA guaranteed $85,850.

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 4 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees.

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

If you are working on finding money to start a business in Largo FL, you ought to talk with a local Largo SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Largo businesses.

We can help you find the best banks for small businesses in Largo or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Bank Credit Lines

Small Business Banks in Longwood, Florida

Florida SBA Banks