Bank Of America Gives Small Business Loan to Security Guards And Patrol Services Company
FloridaSmall business loans are available to Florida small business owners through the SBA. In this case, a Rhode Island bank provides the loan.
You can learn something about getting a small business loan in Lauderhill, Florida by studying this loan to a local company, made back in 2002. Banks like Bank Of America may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: SECURITY GUARDS AND PATROL SERVICES
LAUDERHILL, FL 33351
SBA Loan Lender
BANK OF AMERICA
111 WESTMINSTER ST
PROVIDENCE, RI 02903
This loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
561612 - Security Guards and Patrol Services
Loan Approval Date
2/22/2002
Loan Approval Gross Amount
$94,900
Loan Approval from the SBA
Of the total $94,900 loan amount, the SBA guaranteed $47,450.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 45 employees. This SBA loan request indicated that the loan would help generate 15 new jobs and retain 30 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.
While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:
Angel Investors
Where to Get an SBA Loan in Providence, Rhode Island
SBA Rhode Island Lenders