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November 15, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > West Palm Beach, Business Loans > National City Bank West Palm Beach Business Loans > Grocery Stores Loan | ||||
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National City Bank
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SBA Loan from National City Bank Helps Grocery Stores CompanyNational City Bank has a track record as a leading provider of SBA loans. Find out how this Florida entrepreneur received an SBA loan from them. Getting a small business loan in Stuart, Florida was an essential business goal for this firm back in 2003 and, based on their loan application, they were successful in getting an SBA loan from National City Bank, operating out of West Palm Beach, Florida. Here are the details on this Florida small business loan. SBA Loan Borrower COMPANY TYPE: GROCERY STORES SBA Loan Lender NATIONAL CITY BANK This debt financing was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5411 - Grocery Stores NAICS Code 445120 - Convenience Stores Loan Approval Date 9/12/2003 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $150,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the small business planned to use the funding to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like National City Bank and they will explain how you can get an SBA loan for your company. 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: SBA 7A Lenders in West Palm Beach, Florida Browse All Business Loan Sources for Florida
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