Loan Census Banking News and Information
December 23, 2024  
 
 
  Business Loan Information  
 

Raising Money in Hialeah, Florida With SBA Loans

 

 
Loan Census SBA Loan Info

Hialeah, Florida Entrepreneur Gets an SBA Loan

FloridaSBA loans are available to Florida entrepreneurs through the SBA. In this case, a Missouri bank provides the loan.

You can learn something about getting a small business loan in Hialeah, Florida by studying this loan to a local business, made back in 2002. Banks like Ge Cap. Small Business Finan Corp may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: DIRECT TITLE INSURANCE CARRIERS
HIALEAH, FL 33016

SBA Loan Lender

GE CAP. SMALL BUSINESS FINAN CORP
635 MARYVILLE CENTRE DR, STE
ST. LOUIS, MO 63141

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

524127 - Direct Title Insurance Carriers

Loan Approval Date

4/17/2002

Loan Approval Gross Amount

$208,800

Loan Approval from the SBA

Of the total $208,800 loan amount, the SBA guaranteed $156,600.

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 5 employees. This SBA loan request indicated that the loan would help retain 5 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $208,800 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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.

Related Links:

Financing Your Business

Small Bank Loans in St. Louis, Missouri

SBA Participating Banks in Missouri