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December 23, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Bradenton, Business Loans > M&i Marshall & Ilsley Bank Bradenton Business Loans > Motor Vehicles And Passenger Car Bodies Loan | ||||
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Florida Bank SBA Loans
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SBA Loan from M&i Marshall & Ilsley Bank Helps Motor Vehicles And Passenger Car Bodies CompanyM&i Marshall & Ilsley 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. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Palmetto, Florida was able to borrow $75,000 from M&i Marshall & Ilsley Bank. The SBA made the loan possible by guaranteeing $63,750 of this Florida small business loan. SBA Loan Borrower COMPANY TYPE: MOTOR VEHICLES AND PASSENGER CAR BODIES SBA Loan Lender M&I MARSHALL & ILSLEY BANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3711 - Motor Vehicles and Passenger Car Bodies NAICS Code 336111 - Automobile Manufacturing Loan Approval Date 7/12/2002 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $63,750. 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 15 employees. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. This SBA loan was for $75,000. How would you spend $75,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Raising VC Money for Social Networking Companies SBA Participating Banks in Bradenton, Florida Where to Get an SBA Loan Florida
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