Raising Money for Industrial Process Measurement, Display and Control Instruments

With these bank loans for industrial process measurement, display and control instruments, the SBA guarantees the lender that the loan will be repaid. This industrial process measurement, display and control instruments loan for $64,000 was given to a Florida entrepreneur in 2000.

This small firm knew how to go about getting a business bank loan. Based in Satelite Beach, Florida, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was The Bank Brevard, based in Melbourne, Florida.

SBA Loan Borrower

COMPANY TYPE: PROCESS CONTROL AND INDUSTRIAL INSTRUMENTS
SATELITE BEACH, FL 32937

SBA Loan Lender

THE BANK BREVARD
300 S HARBOR CITY BLVD
MELBOURNE, FL 32901

This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with getting a loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3823 - Process Control and Industrial Instruments

NAICS Code

334513 - Industrial Process Measurement, Display and Control Instruments

Loan Approval Date

8/25/2000

Loan Approval Gross Amount

$64,000

Loan Approval from the SBA

Of the total $64,000 loan amount, the SBA guaranteed $51,200.

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 business planned to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like The Bank Brevard are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Banking Deregulation's Effects on Entrepreneurship

Small Business Banks in Melbourne, Florida

SBA Florida Banks