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December 20, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Lake Mary, Business Loans > M&i Marshall & Ilsley Bank Lake Mary Business Loans > General Automotive Repair Shops Loan | ||||
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Banks in Lake Mary, Florida That Make SBA Loans
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Lake Mary, Florida Bank Lends Money to General Automotive Repair Shops Company in Orlando, FloridaThinking about meeting with a Lake Mary, Florida bank about a small business loan? Here's one Florida business loan, issued by a Lake Mary bank, that was approved by the SBA. Applying for an SBA loan with M&i Marshall & Ilsley Bank worked out well for our friends at one local firm in Orlando, Florida. They received an SBA loan for $100,000. Great job! SBA Loan Borrower COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR SHOPS SBA Loan Lender M&I MARSHALL & ILSLEY BANK This lender issued this particular debt financing 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 7538 - General Automotive Repair Shops NAICS Code 811111 - General Automotive Repair Loan Approval Date 5/23/2000 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. This SBA loan request did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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 Lake Mary, Florida
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