Winter Garden, Florida Business Gets SBA-Guaranteed Funding from Bankfirst

An SBA loan from Bankfirst typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Winter Garden, Florida business owner got a $100,000 loan.

This business knew how to go about getting a business bank loan. Based in Winter Garden, Florida, they applied for and received an SBA-guaranteed loan in 2006. The lending bank was Bankfirst, based in Winter Park, Florida.

SBA Loan Borrower

COMPANY TYPE: PROFESSIONAL, SCIENTIFIC, AND TECHNICAL SERVICES
WINTER GARDEN, FL 32789

SBA Loan Lender

BANKFIRST
1031 W MORSE BLVD, STE 323
WINTER PARK, FL 32789

The lender provided this bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

541990 - Professional, Scientific, and Technical Services

Loan Approval Date

6/29/2006

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

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 9 employees. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 9 existing jobs.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a company in Winter Garden FL, you ought to talk with a local Winter Garden SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Winter Garden businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Bankfirst had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Bankfirst made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Small Business Credit Cards

Find an SBA Lender in Winter Park, Florida

Florida SBA Banks