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November 15, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Fort Pierce, Business Loans > Riverside National Bank - Florida Fort Pierce Business Loans > Retail Stores Loan | ||||
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Small Business Banks for Melbourne Business Owners
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Getting an SBA Loan for Store RetailersLooking for commercial loans for store retailers? The SBA may be the answer. This $100,000 store retailers loan was issued by a Florida bank. This business knew how to go about getting a business bank loan. Based in Melbourne, Florida, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Riverside National Bank - Florida, based in Fort Pierce, Florida. SBA Loan Borrower COMPANY TYPE: RETAIL STORES SBA Loan Lender RIVERSIDE NATIONAL BANK - FLORIDA This lender issued this particular small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5999 - Retail Stores NAICS Code 453998 - Store Retailers Loan Approval Date 7/31/2001 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $85,000. 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 3 employees. The SBA loan documents did not indicate that the company planned to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. We can help you find the best banks for small businesses in Melbourne 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: Obtaining Funding - How to Decide How Much to Raise Best Banks for Small Business in Fort Pierce, Florida
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