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November 15, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Destin, Business Loans > 1st National Bank - Florida Destin Business Loans > Aircraft Engines And Engine Parts Loan | ||||
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1st National Bank - Florida Business Loan
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SBA Loan from 1st National Bank - Florida Helps Aircraft Engines And Engine Parts Company1st National Bank - Florida and the SBA work together to get business loans for growing small businesses. Here's an example of how a Florida entrepreneur was able to get a loan to take a small business to the next level. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Navarre, Florida was able to borrow $248,425 from 1st National Bank - Florida. The SBA made the loan possible by guaranteeing $186,319 of this Florida small business loan. SBA Loan Borrower COMPANY TYPE: AIRCRAFT ENGINES AND ENGINE PARTS SBA Loan Lender 1ST NATIONAL BANK - FLORIDA The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide 7A business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3724 - Aircraft Engines and Engine Parts NAICS Code 336412 - Aircraft Engine and Engine Parts Manufacturing Loan Approval Date 10/12/2000 Loan Approval Gross Amount $248,425 Loan Approval from the SBA Of the total $248,425 loan amount, the SBA guaranteed $186,319. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the company promised to use the funding to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? 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. 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: Microlending as a Small Business Funding Source Where to Get an SBA Loan in Destin, Florida Browse All Business Loan Sources for Florida
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