Centerbank - Jacksonville SBA Loan to Medical, Dental And Hospital Equipment Company

An SBA loan from Centerbank - Jacksonville typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Orange Park, Florida business owner got a $120,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Orange Park, Florida was able to borrow $120,000 from Centerbank - Jacksonville. The SBA made the loan possible by guaranteeing $102,000 of this Florida small business loan.

SBA Loan Borrower

COMPANY TYPE: MEDICAL, DENTAL AND HOSPITAL EQUIPMENT
ORANGE PARK, FL 32065

SBA Loan Lender

CENTERBANK - JACKSONVILLE
1325 HENDRICKS AVE
JACKSONVILLE, FL 32207

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5047 - Medical, Dental and Hospital Equipment

NAICS Code

446199 - Health and Personal Care Stores

Loan Approval Date

7/24/2003

Loan Approval Gross Amount

$120,000

Loan Approval from the SBA

Of the total $120,000 loan amount, the SBA guaranteed $102,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

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

Many small businesses receive loans backed by the U.S. Small Business Administration.

This SBA loan was for $120,000. How would you spend $120,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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