Growing Company Gets a Florida SBA Loan
FloridaBank loans are available to Florida firms through the SBA. In this case, a South Carolina bank provides the loan.
Getting a small business loan in Melbourne, Florida was a top priority for this loan applicant back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Transamerica Small Business Capita. Here are the details on this Florida small business loan.
SBA Loan Borrower
COMPANY TYPE: CUT STONE AND STONE PRODUCTS
MELBOURNE, FL 32935
SBA Loan Lender
TRANSAMERICA SMALL BUSINESS CAPITA
220 N MAIN ST, STE 604
GREENVILLE, SC 29601
As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
3281 - Cut Stone and Stone Products
NAICS Code
327991 - Cut Stone and Stone Product Manufacturing
Loan Approval Date
5/4/2000
Loan Approval Gross Amount
$785,000
Loan Approval from the SBA
Of the total $785,000 loan amount, the SBA guaranteed $588,750.
More Information on This SBA Loan
The borrower borrowed this money for a new 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 24 employees. The SBA loan documents indicated that the loan would help retain 24 existing jobs.
Start the Process for Getting an SBA Loan Today!
SBA loans provide money to small business owners for working capital for other expenses.
This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.
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:
Obtaining Funding - Friends and Family
Banks in Greenville, South Carolina
South Carolina SBA 7A Lenders