Loan Census Banking News and Information
December 20, 2024  
 
 
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Florida Small Business Funding

 

 
Loan Census SBA Loan Info

Raising Money for Building Equipment Contractors

Looking for business loans for building equipment contractors? Try the SBA. This $300,000 building equipment contractors loan was issued by a Florida bank.

This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Bankfirst, out of Winter Garden, Florida. The loan was granted and they received $300,000 to help grow their Orlando, Florida business.

SBA Loan Borrower

COMPANY TYPE: BUILDING EQUIPMENT CONTRACTORS
ORLANDO, FL 32809

SBA Loan Lender

BANKFIRST
13207 W COLONIAL DR
WINTER GARDEN, FL 34787

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

238290 - Building Equipment Contractors

Loan Approval Date

5/6/2003

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $225,000.

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 6 employees. The SBA loan application for the borrower did not indicate that the company planned 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?

Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Bank Credit Lines

Best Banks in Winter Garden, Florida

Getting an SBA Loan in Florida