Commercial Equipment Merchant Wholesalers Loans
Looking for loans for commercial equipment merchant wholesalers? The SBA may be the answer. This $1,000,000 commercial equipment merchant wholesalers loan was issued by a Florida bank.
This small firm received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Bankfirst, out of Winter Park, Florida. The loan was granted and they received $1,000,000 to help grow their Orlando, Florida business.
SBA Loan Borrower
COMPANY TYPE: COMMERCIAL EQUIPMENT MERCHANT WHOLESALERS
ORLANDO, FL 32810
SBA Loan Lender
BANKFIRST
1031 W MORSE BLVD, STE 323
WINTER PARK, FL 32789
This commercial loan was provided by a small business banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loans to the SBA get more expeditious service from the SBA on their loan applications.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
423440 - Commercial Equipment Merchant Wholesalers
Loan Approval Date
2/22/2007
Loan Approval Gross Amount
$1,000,000
Loan Approval from the SBA
Of the total $1,000,000 loan amount, the SBA guaranteed $750,000.
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 20 employees. The SBA loan application for the borrower did not indicate that the business promised to use the money to hire new employees or retain any existing employees.
Getting an SBA Loan For Your 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.
While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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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