SBA Loan from Florida Business Bank Helps Direct Title Insurance Carriers Company

An SBA loan from Florida Business Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Melbourne, Florida business owner got a $35,000 loan.

Getting a small business loan in Melbourne, Florida was an essential business goal for this firm back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Florida Business Bank, operating out of Melbourne, Florida. Here are the details on this Florida small business loan.

SBA Loan Borrower

COMPANY TYPE: DIRECT TITLE INSURANCE CARRIERS
MELBOURNE, FL 32940

SBA Loan Lender

FLORIDA BUSINESS BANK
340 N HARBOR CITY BLVD
MELBOURNE, FL 32935

The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

524127 - Direct Title Insurance Carriers

Loan Approval Date

3/30/2006

Loan Approval Gross Amount

$35,000

Loan Approval from the SBA

Of the total $35,000 loan amount, the SBA guaranteed $17,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 4 existing jobs.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

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:

Role of Business Plan When Raising Money

Find an SBA Lender in Melbourne, Florida

Getting a Business Loan in Florida