Florida Business Loan Issued to Refrigeration And Air-Conditioning Service Company

FloridaSmall business loans are available to Florida small business owners through the SBA. In this case, a Rhode Island bank provides the loan.

By giving the right information to Textron Financial Corp, this Port Charlotte, Florida business was able to get an SBA loan. To get this loan, the loan applicant gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back.

SBA Loan Borrower

COMPANY TYPE: REFRIGERATION AND AIR-CONDITIONING SERVICE
PORT CHARLOTTE, FL 33948

SBA Loan Lender

TEXTRON FINANCIAL CORP
40 WESMINSTER ST
PROVIDENCE, RI 02903

This small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7623 - Refrigeration and Air-Conditioning Service

NAICS Code

811310 - Commercial and Industrial Machinery and Equipment

Loan Approval Date

3/20/2001

Loan Approval Gross Amount

$475,000

Loan Approval from the SBA

Of the total $475,000 loan amount, the SBA guaranteed $356,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 16 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

If you need business start up money 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.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Textron Financial Corp 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:

Alternative Financing

Small Bank Loans in Providence, Rhode Island

Getting a Business Loan in Rhode Island