Community So. Bank D.B.A Commun Gives Business Loan to Coin-Operated Laundries And Drycleaners Company

Would a Florida SBA loan help your business get to the next level? If so, you may want to talk with this Tennessee bank, which offers SBA loans to Florida entrepreneurs.

By giving the right information to Community So. Bank D.B.A Commun, this Tampa, Florida business was able to get an SBA loan. To get this loan, the applying company gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back.

SBA Loan Borrower

COMPANY TYPE: COIN-OPERATED LAUNDRIES AND DRYCLEANERS
TAMPA, FL 33612

SBA Loan Lender

COMMUNITY SO. BANK D.B.A COMMUN
51 W MAIN ST
PARSONS, TN 38363

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812310 - Coin-Operated Laundries and Drycleaners

Loan Approval Date

4/11/2005

Loan Approval Gross Amount

$347,500

Loan Approval from the SBA

Of the total $347,500 loan amount, the SBA guaranteed $260,625.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower indicated that the loan would help generate 7 new jobs and retain 15 existing jobs.

Getting an SBA Loan For Your Business

If you are raising money in Tampa FL, you ought to talk with a local Tampa SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Tampa businesses.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer 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:

Advice on Getting a Small Business Loan

SBA 7A Banks in Parsons, Tennessee

Getting an SBA Loan in Tennessee