Bankfirst SBA Loan to Furniture Company
Searching for a Florida SBA loan? Here's one Florida business loan that was approved by the SBA.
This growing company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Bankfirst, out of Winter Garden, Florida. The loan was granted and they received $100,000 to help grow their Orlando, Florida business.
SBA Loan Borrower
COMPANY TYPE: FURNITURE
ORLANDO, FL 32837
SBA Loan Lender
BANKFIRST
13207 W COLONIAL DR
WINTER GARDEN, FL 34787
This bank loan was issued under the SBA's Certified Lenders Program (CLP), which means that this lending institution has a successful SBA lending track record and are well trained in SBA loan requirements.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5021 - Furniture
Loan Approval Date
4/14/2000
Loan Approval Gross Amount
$100,000
Loan Approval from the SBA
Of the total $100,000 loan amount, the SBA guaranteed $80,000.
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 2 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Bankfirst that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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:
Startup Funding Tip
Find an SBA Lender in Winter Garden, Florida
Florida SBA 7A Banks