Bradenton, Florida Bank Gives SBA Loan to Boat Dealers Company

Get SBA loans from a Bradenton, Florida bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too.

First Priority Bank is a Bradenton, Florida small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Florida company.

SBA Loan Borrower

COMPANY TYPE: BOAT DEALERS
VERO BEACH, FL 32960

SBA Loan Lender

FIRST PRIORITY BANK
4702 CORTEZ RD WEST
BRADENTON, FL 34210

This lender issued this loan for a small business 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.

NAICS Code

441222 - Boat Dealers

Loan Approval Date

5/17/2005

Loan Approval Gross Amount

$181,000

Loan Approval from the SBA

Of the total $181,000 loan amount, the SBA guaranteed $135,750.

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 only one employee. The SBA loan application for the borrower did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Bank Credit Lines

SBA 7A Banks for Bradenton, Florida Loans

Florida SBA 7A Banks