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November 15, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Tampa, Business Loans > Southern Comm. Bank Tampa Business Loans > Testing Laboratories Loan | ||||
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SBA Lenders in Orlando, Florida
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SBA Loan from Southern Comm. Bank Helps Testing Laboratories CompanySouthern Comm. Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Florida entrepreneur who tapped into the power of SBA loans. This business knew how to go about getting a business bank loan. Based in Orlando, Florida, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was Southern Comm. Bank, based in Tampa, Florida. SBA Loan Borrower COMPANY TYPE: TESTING LABORATORIES SBA Loan Lender SOUTHERN COMM. BANK This lender issued this bank loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 541380 - Testing Laboratories Loan Approval Date 4/15/2004 Loan Approval Gross Amount $998,600 Loan Approval from the SBA Of the total $998,600 loan amount, the SBA guaranteed $748,950. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 32 employees. This SBA loan request did not indicate that the business planned 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. We've showcased information on this loan to let you know that businesses like yours 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. Related Links: Small Bank Loans in Tampa, Florida
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