Where to Get Capital for Florists

Looking for SBA loans for florists? Try the SBA. This $365,200 florists loan was issued by a Pennsylvania bank.

This business knew how to go about getting a business bank loan. Based in Norristown, Pennsylvania, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Bucks County Bank, based in Doylestown, Pennsylvania.

SBA Loan Borrower

COMPANY TYPE: FLORISTS
NORRISTOWN, PA 10403

SBA Loan Lender

BUCKS COUNTY BANK
200 S MAIN ST
DOYLESTOWN, PA 18901

This loan for a small business was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5992 - Florists

NAICS Code

453110 - Florists

Loan Approval Date

11/23/2005

Loan Approval Gross Amount

$365,200

Loan Approval from the SBA

Of the total $365,200 loan amount, the SBA guaranteed $273,900.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Bucks County Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

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SBA Participating Banks in Doylestown, Pennsylvania

Browse All Business Loan Sources for Pennsylvania