Raising Money for Personal Services

Looking for bank loans for personal services? Try the SBA. This $274,000 personal services loan was issued by a Florida bank.

This small firm received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Bankfirst, out of Winter Park, Florida. The loan was granted and they received $274,000 to help grow their Orlando, Florida business.

SBA Loan Borrower

COMPANY TYPE: PERSONAL SERVICES
ORLANDO, FL 32828

SBA Loan Lender

BANKFIRST
1031 W MORSE BLVD, STE 323
WINTER PARK, FL 32789

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812990 - Personal Services

Loan Approval Date

6/30/2006

Loan Approval Gross Amount

$274,000

Loan Approval from the SBA

Of the total $274,000 loan amount, the SBA guaranteed $205,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 10 employees. The loan application indicated that the loan would help generate 18 new jobs and retain 10 existing jobs.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

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:

SBIR Funding

SBA 7A Lenders in Winter Park, Florida

Getting an SBA Loan in Florida