Where to Get Capital for Florists

Looking for SBA loans for florists? The SBA may be the answer. This $91,800 florists loan was issued by a New Jersey bank.

This business knew how to go about getting a business bank loan. Based in Mount Royal, New Jersey, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was The Bank, based in Woodbury, New Jersey.

SBA Loan Borrower

COMPANY TYPE: FLORISTS
MOUNT ROYAL, NJ 08061

SBA Loan Lender

THE BANK
100 PARK AVE
WOODBURY, NJ 08096

This lender processed this SBA 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

453110 - Florists

Loan Approval Date

10/12/2005

Loan Approval Gross Amount

$91,800

Loan Approval from the SBA

Of the total $91,800 loan amount, the SBA guaranteed $45,900.

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 5 employees. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 2 existing jobs.

Getting an SBA Loan For Your 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.

This SBA loan was for $91,800. How would you spend $91,800 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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.

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