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| Entrepreneur Resources | Community W. Bank Goleta Business Loans | ||||
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Community W. Bank Small Business Loans
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Business Loan from Community W. Bank Given to National Groceries DistributorCommunity W. Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a Florida entrepreneur was able to get a loan to take a small business to the next level.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Miami, Florida was able to borrow $405,000 from Community W. Bank. The SBA made the loan possible by guaranteeing $303,750 of this Florida small business loan. SBA Loan Borrower NATIONAL GROCERIES DISTRIBUTOR SBA Loan Lender COMMUNITY W. BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 424490 - Other Grocery and Related Products Merchant Wholesalers Loan Approval Date 9/8/2006 Loan Approval Gross Amount $405,000 Loan Approval from the SBA Of the total $405,000 loan amount, the SBA guaranteed $303,750. More Information on This SBA Loan The borrower, National Groceries Distributor, 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 8 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. 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 National Groceries Distributor did when it applied for and received this $405,000 loan. Remember, if it to be, it is up to me! About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Role of Business Plan When Raising Money Small Bank Loans in Goleta, California Getting a Business Loan in California If you are an ambitious entrepreneur or an aspiring executive looking to get involved with a startup, please take the time to learn more about Gaebler Ventures.
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