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November 15, 2024  
 
 
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Loan Census SBA Loan Info

Entrepreneur Works With Port Charlotte, Florida Bank to Get an SBA Loan

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

Applying for an SBA loan with Charlotte State Bank worked out well for our friends at one local firm in Punta Gorda, Florida. They received an SBA loan for $125,000. Sweet!

SBA Loan Borrower

COMPANY TYPE: LAWN AND GARDEN SERVICES
PUNTA GORDA, FL 33950

SBA Loan Lender

CHARLOTTE STATE BANK
1100 TAMIAMI TRL
PORT CHARLOTTE, FL 33953

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

0782 - Lawn and Garden Services

NAICS Code

561730 - Landscaping Services

Loan Approval Date

4/16/2002

Loan Approval Gross Amount

$125,000

Loan Approval from the SBA

Of the total $125,000 loan amount, the SBA guaranteed $106,250.

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 25 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are working on finding money to start a business in Punta Gorda FL, you ought to talk with a local Punta Gorda SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Punta Gorda businesses.

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

Direct Public Offerings

Good Banks for Small Business in Port Charlotte, Florida

SBA Lenders in Florida