SBA Loans for Lawyers

With these SBA loans for lawyers, the SBA guarantees the lender that the loan will be repaid. This lawyers loan for $55,200 was given to a Florida entrepreneur in 2004.

This business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Merchants & Southern Bank, out of Gainesville, Florida. The loan was granted and they received $55,200 to help grow their Ocala, Florida business.

SBA Loan Borrower

COMPANY TYPE: LAWYERS
OCALA, FL 34471

SBA Loan Lender

MERCHANTS & SOUTHERN BANK
2040 NW 67TH PL
GAINESVILLE, FL 32653

This was a Low Documentation SBA loan. The SBA created this program to reduce the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541110 - Lawyers

Loan Approval Date

11/22/2004

Loan Approval Gross Amount

$55,200

Loan Approval from the SBA

Of the total $55,200 loan amount, the SBA guaranteed $46,920.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the business planned to use the money to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

We've showcased information on this loan to let you know that businesses like yours 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.

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