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December 25, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Mount Dora, Business Loans > 1st National Bank - Mt Dora Mount Dora Business Loans > Nursery And Tree Production Loan | ||||
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Florida SBA Banks
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Mount Dora, Florida Bank Gives SBA Loan to Nursery And Tree Production CompanyGet to know Mount Dora, Florida banks that specialize in SBA loans and know how to work with entrepreneurs. 1st National Bank - Mt Dora is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Webster, Florida starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from 1st National Bank - Mt Dora. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: NURSERY AND TREE PRODUCTION SBA Loan Lender 1ST NATIONAL BANK - MT DORA This lender issued this bank loan under the SBA's 7A loan, 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 111421 - Nursery and Tree Production Loan Approval Date 2/12/2004 Loan Approval Gross Amount $750,000 Loan Approval from the SBA Of the total $750,000 loan amount, the SBA guaranteed $562,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 25 employees. This SBA loan request did not indicate that the small business planned to use the money to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? 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: Best Banks for Small Business in Mount Dora, Florida
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