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November 15, 2024  
 
 
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How to Get SBA Money in Orlando, Florida

 

 
Loan Census SBA Loan Info

Orlando, Florida Entrepreneur Gets an SBA Loan

Bank loans in Florida are tough to come by these days. We take a look at one Florida bank loan, provided by a Florida bank, that was approved by the SBA.

This company, based in Orlando, Florida, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Fairwinds Cu. We've got the inside scoop on this Florida small business loan.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SALONS
ORLANDO, FL 32803

SBA Loan Lender

FAIRWINDS CU
135 W CENTRAL BLVD, STE 1220
ORLANDO, FL 32801

This business loan 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.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

5/24/2006

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

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 27 employees. The SBA loan application for the borrower did not indicate that the business planned to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

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

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $200,000 loan. Remember, you control your own destiny.

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:

Understanding Dilution

SBA Banks in Orlando, Florida

Where to Get an SBA Loan Florida