Palm Beach Gardens, Florida Bank Lends Money to Eating Places Company in Port Charlotte, Florida

Get to know Palm Beach Gardens, Florida banks that specialize in small business loans and know how to work with entrepreneurs. Rbc Centura Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Port Charlotte, Florida starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from Rbc Centura Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
PORT CHARLOTTE, FL 33952

SBA Loan Lender

RBC CENTURA BANK
2875 PGA BLVD, STE 200
PALM BEACH GARDENS, FL 33410

This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with borrowing money. The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

2/2/2001

Loan Approval Gross Amount

$70,000

Loan Approval from the SBA

Of the total $70,000 loan amount, the SBA guaranteed $59,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you have been wondering how do i get money to start a business in Port Charlotte FL, you ought to talk with a local Port Charlotte SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Port Charlotte businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Rbc Centura Bank and they will explain how you can get an SBA loan for your company.

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.

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