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December 22, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Bristol, Business Loans > Superior Bank Bristol Business Loans > Boat Building And Repairing Loan | ||||
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Superior Bank Business Loans Panama City Beach, Florida
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SBA Loan from Superior Bank Helps Boat Building And Repairing CompanySuperior Bank has a track record as a leading provider of SBA loans. Find out how this Florida entrepreneur received an SBA loan from them. This growing company knew how to go about getting a business bank loan. Based in Panama City Beach, Florida, they applied for and received an SBA-guaranteed loan in 2001. The lending bank was Superior Bank, based in Bristol, Florida. SBA Loan Borrower COMPANY TYPE: BOAT BUILDING AND REPAIRING SBA Loan Lender SUPERIOR BANK This lender issued this particular SBA loan 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 3732 - Boat Building and Repairing NAICS Code 811490 - Personal and Household Goods Repair and Maintenance Loan Approval Date 5/23/2001 Loan Approval Gross Amount $67,500 Loan Approval from the SBA Of the total $67,500 loan amount, the SBA guaranteed $57,375. 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 only one employee. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Superior Bank 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: Small Business Banks in Bristol, Florida
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