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December 21, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Port Charlotte, Business Loans > Charlotte State Bank Port Charlotte Business Loans > Beauty Shops Loan | ||||
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Florida Bank SBA Loans
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Charlotte State Bank SBA Loan to Beauty Shops CompanyWant a Florida small business loan? Here's one Florida business loan that was approved by the SBA. This small business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Charlotte State Bank, out of Port Charlotte, Florida. The loan was granted and they received $74,500 to help grow their Port Charlotte, Florida business. SBA Loan Borrower COMPANY TYPE: BEAUTY SHOPS SBA Loan Lender CHARLOTTE STATE 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 7231 - Beauty Shops Loan Approval Date 5/4/2000 Loan Approval Gross Amount $74,500 Loan Approval from the SBA Of the total $74,500 loan amount, the SBA guaranteed $59,600. 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 4 employees. This SBA loan request did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Charlotte State Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Charlotte State Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Find an SBA Lender in Port Charlotte, Florida
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