Where to Get Capital for Florists

With these small business loans for florists, the SBA guarantees the lender that the loan will be repaid. This florists loan for $20,100 was given to a Massachusetts entrepreneur in 2000.

This company knew how to go about getting a business bank loan. Based in Orange (census Name For Orange, Massachusetts, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Bank Of America, based in Providence, Rhode Island.

SBA Loan Borrower

COMPANY TYPE: FLORISTS
ORANGE (CENSUS NAME FOR ORANGE, MA 01364

SBA Loan Lender

BANK OF AMERICA
111 WESTMINSTER ST
PROVIDENCE, RI 02903

This lender processed this 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.

SIC Code

5992 - Florists

NAICS Code

453110 - Florists

Loan Approval Date

2/29/2000

Loan Approval Gross Amount

$20,100

Loan Approval from the SBA

Of the total $20,100 loan amount, the SBA guaranteed $10,050.

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 2 employees. The SBA loan documents indicated that the loan would help retain 2 existing jobs.

Getting an SBA Loan For Your Business

If you are working on finding money to start a business in Orange (census Name For Orange MA, you ought to talk with a local Orange (census Name For Orange SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Orange (census Name For Orange businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Bank Of America are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Business Cash Advances

SBA Approved Banks in Providence, Rhode Island

Getting an SBA Loan in Rhode Island