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November 15, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Sarasota, Business Loans > Colonial Bank Sarasota Business Loans > Eating Places Loan | ||||
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Florida Bank SBA Loans
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Colonial Bank SBA Loan to Eating Places CompanySearching for a Florida SBA loan? Here's one Florida business loan that was approved by the SBA. This up and coming company knew how to go about getting a business bank loan. Based in Sarasota, Florida, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Colonial Bank, based in Sarasota, Florida. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender COLONIAL BANK This lender issued this SBA loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places Loan Approval Date 4/19/2000 Loan Approval Gross Amount $666,000 Loan Approval from the SBA Of the total $666,000 loan amount, the SBA guaranteed $499,500. 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 114 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. We can help you find the best banks for small businesses in Sarasota or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Best Sarasota, Florida Banks for Small Business Browse All Business Loan Sources for Florida
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