Bank Loans for Building Finishing Contractors

Looking for bank loans for building finishing contractors? Talk to a banker who works with the SBA. This $188,000 building finishing contractors loan was issued by a Florida bank.

This company knew how to go about getting a business bank loan. Based in Sanford, Florida, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Bankfirst, based in Winter Park, Florida.

SBA Loan Borrower

COMPANY TYPE: BUILDING FINISHING CONTRACTORS
SANFORD, FL 32771

SBA Loan Lender

BANKFIRST
1031 W MORSE BLVD, STE 323
WINTER PARK, FL 32789

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

238390 - Building Finishing Contractors

Loan Approval Date

7/12/2006

Loan Approval Gross Amount

$188,000

Loan Approval from the SBA

Of the total $188,000 loan amount, the SBA guaranteed $94,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 15 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 15 existing jobs.

Getting an SBA Loan For Your Business

If you are raising money in Sanford FL, you ought to talk with a local Sanford SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Sanford businesses.

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

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