Loan Census Banking News and Information
November 14, 2024  
 
 
  Business Loan Information  
 

Fort Myers, Florida SBA 7A Banks

 

 
Loan Census SBA Loan Info

Entrepreneur Works With Fort Myers, Florida Bank to Get an SBA Loan

Want to talk with a Fort Myers, Florida bank about an SBA loan? Here's one Florida business loan, issued by a Fort Myers bank, that was approved by the SBA.

Applying for an SBA loan with Busey Bank worked out well for our friends at one local firm in Port Charlotte, Florida. They received an SBA loan for $115,000. Sweet!

SBA Loan Borrower

COMPANY TYPE: HOBBY, TOY, AND GAME SHOPS
PORT CHARLOTTE, FL 33960

SBA Loan Lender

BUSEY BANK
7980 SUMMERLIN LAKES DRIVE
FORT MYERS, FL 33907

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5945 - Hobby, Toy, and Game Shops

NAICS Code

451120 - Hobby, Toy, and Game Stores

Loan Approval Date

7/8/2003

Loan Approval Gross Amount

$115,000

Loan Approval from the SBA

Of the total $115,000 loan amount, the SBA guaranteed $97,750.

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 4 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

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 Busey 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.

Related Links:

SBIR Funding

Small Bank Loans in Fort Myers, Florida

SBA Florida Banks