Bank Of America SBA Loan to Business Services Company

Searching for a Florida small business loan? Here's one Florida business loan that was approved by the SBA.

This up and coming company knew how to go about getting a business bank loan. Based in Winter Park, Florida, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Bank Of America, based in Columbia, South Carolina.

SBA Loan Borrower

COMPANY TYPE: BUSINESS SERVICES
WINTER PARK, FL 32789

SBA Loan Lender

BANK OF AMERICA
121 MOORE-HOPKINS - SC3-250-0
COLUMBIA, SC 29210

This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7389 - Business Services

Loan Approval Date

5/15/2000

Loan Approval Gross Amount

$97,000

Loan Approval from the SBA

Of the total $97,000 loan amount, the SBA guaranteed $77,600.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 7 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $97,000 loan. Remember, you control your own destiny.

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:

Role of Business Plan When Raising Money

SBA Participating Banks in Columbia, South Carolina

Getting an SBA Loan in South Carolina