Borrowing Money for Mortgage and Nonmortgage Loan Brokers

Looking for loans for mortgage and nonmortgage loan brokers? Talk to a banker who works with the SBA. This $61,100 mortgage and nonmortgage loan brokers loan was issued by a Florida bank.

This company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Citibank, out of Miami, Florida. The loan was granted and they received $61,100 to help grow their Chicago, Illinois business.

SBA Loan Borrower

COMPANY TYPE: LOAN BROKERS
CHICAGO, IL 60622

SBA Loan Lender

CITIBANK
8750 DORAL BLVD, 7TH FL
MIAMI, FL 33178

The lender provided this commercial 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.

SIC Code

6163 - Loan Brokers

NAICS Code

522310 - Mortgage and Nonmortgage Loan Brokers

Loan Approval Date

6/14/2000

Loan Approval Gross Amount

$61,100

Loan Approval from the SBA

Of the total $61,100 loan amount, the SBA guaranteed $30,550.

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 10 employees. This SBA loan request indicated that the loan would help retain 10 existing jobs.

Getting an SBA Loan For Your Business

If you need money to start a business or need money for an existing business, an SBA loan can be a great way to raise money

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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.

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