Entrepreneur Works With Bradenton, Florida Bank to Get an SBA Loan
Get to know Bradenton, Florida banks that specialize in small business loans and know how to work with entrepreneurs. Community Bank Of Manatee is one such bank, as evidenced by this SBA loan to a growing company.
Finding a small business loan in Sarasota, Florida starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from Community Bank Of Manatee. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.
SBA Loan Borrower
COMPANY TYPE: VETERINARY SERVICES FOR ANIMAL SPECIALTIES
SARASOTA, FL 34243
SBA Loan Lender
COMMUNITY BANK OF MANATEE
6000 SR 70 EAST
BRADENTON, FL 34203
This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with getting a loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
0742 - Veterinary Services for Animal Specialties
NAICS Code
541940 - Veterinary Services
Loan Approval Date
1/26/2004
Loan Approval Gross Amount
$100,000
Loan Approval from the SBA
Of the total $100,000 loan amount, the SBA guaranteed $85,000.
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 4 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees.
Getting an SBA Loan For Your Business
Many small businesses receive loans backed by the U.S. Small Business Administration.
Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
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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