Business Loan from Mercantil Commercebank National As Given to Medical Laboratories Company

Mercantil Commercebank National As has a track record as a leading provider of SBA loans. Find out how this Florida entrepreneur received an SBA loan from them.

Getting a small business loan in Ft. Lauderdale, Florida was an essential business goal for this small business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Mercantil Commercebank National As, operating out of Coral Gables, Florida. Here are the details on this Florida small business loan.

SBA Loan Borrower

COMPANY TYPE: MEDICAL LABORATORIES
FT. LAUDERDALE, FL 33311

SBA Loan Lender

MERCANTIL COMMERCEBANK NATIONAL AS
220 ALHAMBRA CIRCLE
CORAL GABLES, FL 33134

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8071 - Medical Laboratories

NAICS Code

621512 - Diagnostic Imaging Centers

Loan Approval Date

4/6/2001

Loan Approval Gross Amount

$88,000

Loan Approval from the SBA

Of the total $88,000 loan amount, the SBA guaranteed $74,800.

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 only one employee. The SBA loan application for the borrower did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

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

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

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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