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November 15, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Fort Myers, Business Loans > Colonial Bank Fort Myers Business Loans > Cut Stone And Stone Products Loan | ||||
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Florida SBA Banks
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Fort Myers, Florida Bank Gives SBA Loan to Cut Stone And Stone Products CompanyGet SBA loans from a Fort Myers, Florida bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too. Colonial Bank is a Fort Myers, Florida small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Florida company. SBA Loan Borrower COMPANY TYPE: CUT STONE AND STONE PRODUCTS SBA Loan Lender COLONIAL BANK This lender issued this commercial loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. 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 9/23/2002 Loan Approval Gross Amount $1,500,000 Loan Approval from the SBA Of the total $1,500,000 loan amount, the SBA guaranteed $999,000. 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 25 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Best Banks in Fort Myers, Florida
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