Getting an SBA Loan for Integrated Record Production/Distribution

With these business loans for integrated record production/distribution, the SBA guarantees the lender that the loan will be repaid. This integrated record production/distribution loan for $195,000 was given to a Florida entrepreneur in 2006.

Getting a small business loan in Coconut Grove, Florida was important for this business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Mercantil Commercebank National As, operating out of Hialeah, Florida. Here are the details on this Florida small business loan.

SBA Loan Borrower

COMPANY TYPE: INTEGRATED RECORD PRODUCTION/DISTRIBUTION
COCONUT GROVE, FL 33133

SBA Loan Lender

MERCANTIL COMMERCEBANK NATIONAL AS
1601 E 4TH AVE
HIALEAH, FL 33010

The lender provided this debt financing 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

512220 - Integrated Record Production/Distribution

Loan Approval Date

10/12/2006

Loan Approval Gross Amount

$195,000

Loan Approval from the SBA

Of the total $195,000 loan amount, the SBA guaranteed $97,500.

More Information on This SBA Loan

The borrower 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 SBA loan documents indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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