Sarasota, Florida Entrepreneur Gets an SBA Loan

Searching for a Florida bank loan? This Florida entrepreneur got a bank loan, provided by a Florida bank that works with the SBA to help small business owners.

Getting a small business loan in Sarasota, Florida was a top priority for this loan applicant back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Colonial Bank. Here are the details on this Florida small business loan.

SBA Loan Borrower

COMPANY TYPE: DISINFECTING AND PEST CONTROL SERVICES
SARASOTA, FL 34234

SBA Loan Lender

COLONIAL BANK
160 POINTE LOOP DR
VENICE, FL 34293

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This 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

4/2/2003

Loan Approval Gross Amount

$450,000

Loan Approval from the SBA

Of the total $450,000 loan amount, the SBA guaranteed $337,500.

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 20 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

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

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