Florida Bank Loan Issued to Tire Retreading And Repair Shops Company

FloridaSBA loans are available to Florida entrepreneurs through the SBA. In this case, a South Carolina bank provides the loan.

By giving the right information to Transamerica Small Business Capita, this Sanford, Florida business was able to get an SBA loan. To get this loan, the applying company 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: TIRE RETREADING AND REPAIR SHOPS
SANFORD, FL 32773

SBA Loan Lender

TRANSAMERICA SMALL BUSINESS CAPITA
220 N MAIN ST, STE 604
GREENVILLE, SC 29601

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7534 - Tire Retreading and Repair Shops

Loan Approval Date

2/3/2000

Loan Approval Gross Amount

$486,000

Loan Approval from the SBA

Of the total $486,000 loan amount, the SBA guaranteed $364,500.

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 7 employees. The SBA loan application for the borrower indicated that the loan would help generate 5 new jobs and retain 2 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

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

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Transamerica Small Business Capita had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Transamerica Small Business Capita made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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