Lehigh Acres, Florida Entrepreneur Gets an SBA Loan
Want a Florida bank loan? This Florida entrepreneur got a bank loan, provided by a North Carolina bank that works with the SBA to help small business owners.
By giving the right information to Bank Of America, this Lehigh Acres, Florida business was able to get an SBA loan. To get this loan, the entrepreneur 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: FISH AND SEAFOOD MERCHANT WHOLESALERS
LEHIGH ACRES, FL 33971
SBA Loan Lender
BANK OF AMERICA
100 N TRYON ST
CHARLOTTE, NC 28255
This lender processed this business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.
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
424460 - Fish and Seafood Merchant Wholesalers
Loan Approval Date
6/22/2006
Loan Approval Gross Amount
$12,000
Loan Approval from the SBA
Of the total $12,000 loan amount, the SBA guaranteed $6,000.
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 2 employees. This SBA loan request indicated that the loan would help generate 7 new jobs and retain 2 existing jobs.
Getting an SBA Loan For Your Business
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
We can help you find the best banks for small businesses in Lehigh Acres 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:
Startup Funding Tip
SBA Approved Banks in Charlotte, North Carolina
SBA Lenders in North Carolina