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November 15, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Bradenton, Business Loans > First Priority Bank Bradenton Business Loans > Disinfecting And Pest Control Services Loan | ||||
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First Priority Bank Loans
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Exterminating and Pest Control Services SBA LoansLooking for SBA loans for exterminating and pest control services? An SBA loan may be just what you've been looking for. This $426,000 exterminating and pest control services loan was issued by a Florida bank. This business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with First Priority Bank, out of Bradenton, Florida. The loan was granted and they received $426,000 to help grow their Sarasota, Florida business. SBA Loan Borrower COMPANY TYPE: DISINFECTING AND PEST CONTROL SERVICES SBA Loan Lender FIRST PRIORITY BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7342 - Disinfecting and Pest Control Services NAICS Code 561710 - Exterminating and Pest Control Services Loan Approval Date 5/23/2006 Loan Approval Gross Amount $426,000 Loan Approval from the SBA Of the total $426,000 loan amount, the SBA guaranteed $319,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 25 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Good Banks for Small Business in Bradenton, Florida
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