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| Entrepreneur Resources | Business Loan Center, LLC Panama City Beach Business Loans | ||||
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Florida Bank SBA Loans
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SBA Loan from Business Loan Center, LLC Helps Golden Touch Jewelry, LLC.Business Loan Center, LLC has a track record as a leading provider of SBA loans. Find out how this Oklahoma entrepreneur received an SBA loan from them.
Getting a small business loan in Tulsa, Oklahoma was an essential business goal for Golden Touch Jewelry, LLC. back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Business Loan Center, LLC, operating out of Panama City Beach, Florida. Here are the details on this Oklahoma small business loan. SBA Loan Borrower Golden Touch Jewelry, LLC. SBA Loan Lender BUSINESS LOAN CENTER, LLC The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 448150 - Clothing Accessories Stores Loan Approval Date 6/13/2005 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $21,250. More Information on This SBA Loan The borrower, Golden Touch Jewelry, LLC., borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The loan application indicated that the loan would help retain 2 existing jobs. 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. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: SBA 7A Lenders in Panama City Beach, Florida 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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