Florida Business Loan Issued to Iron And Steel Mills Company

Looking to get a Florida small business loan? This Florida entrepreneur got a small business loan, provided by a Florida bank that works with the SBA to help small business owners.

This company, based in Palatka, Florida, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from First Fed. Bank - No. Florida. We've got the inside scoop on this Florida small business loan.

SBA Loan Borrower

COMPANY TYPE: IRON AND STEEL MILLS
PALATKA, FL 32178

SBA Loan Lender

FIRST FED. BANK - NO. FLORIDA
511 ST. JOHNS AVE
PALATKA, FL 32177

This loan for a small business was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

331111 - Iron and Steel Mills

Loan Approval Date

6/11/2003

Loan Approval Gross Amount

$617,000

Loan Approval from the SBA

Of the total $617,000 loan amount, the SBA guaranteed $462,750.

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 10 employees. The SBA loan documents did not indicate that the business promised to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

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 $617,000 loan. Remember, feel the fear, and do it anyway.

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:

Obtaining Funding - Getting Venture Capital

SBA Participating Banks in Palatka, Florida

SBA Florida Lenders