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November 15, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Orlando, Business Loans > First Comm. Bank - Florida Orlando Business Loans > Eating Places Loan | ||||
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Orlando SBA Lenders
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Orlando, Florida Bank Gives SBA Loan to Eating Places CompanyThinking about meeting with an Orlando, Florida bank about an SBA loan? Here's one Florida business loan, issued by an Orlando bank, that was approved by the SBA. Applying for an SBA loan with First Comm. Bank - Florida worked out well for our friends at one local business in Orlando, Florida. They got an SBA loan for $78,000. Sweet! SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender FIRST COMM. BANK - FLORIDA This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 2/8/2001 Loan Approval Gross Amount $78,000 Loan Approval from the SBA Of the total $78,000 loan amount, the SBA guaranteed $66,300. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. 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 $78,000 loan. Remember, anyone can do it... so why not 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: Best Banks for Small Business in Orlando, Florida
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