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December 22, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Las Vegas, Business Loans > Citibank Las Vegas Business Loans > Fresh Fruit And Vegetable Merchant Wholesalers Loan | ||||
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Hialeah, Florida Bank for SBA Loans
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Fresh Fruit and Vegetable Merchant Wholesalers Small Business LoansWith these small business loans for fresh fruit and vegetable merchant wholesalers, the SBA guarantees the lender that the loan will be repaid. This fresh fruit and vegetable merchant wholesalers loan for $65,000 was given to a Florida entrepreneur in 2007. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Hialeah, Florida was able to borrow $65,000 from Citibank. The SBA made the loan possible by guaranteeing $32,500 of this Florida small business loan. SBA Loan Borrower COMPANY TYPE: FRESH FRUIT AND VEGETABLE MERCHANT WHOLESALERS SBA Loan Lender CITIBANK The lender provided this bank 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. NAICS Code 424480 - Fresh Fruit and Vegetable Merchant Wholesalers Loan Approval Date 4/6/2007 Loan Approval Gross Amount $65,000 Loan Approval from the SBA Of the total $65,000 loan amount, the SBA guaranteed $32,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 5 employees. The SBA loan documents indicated that the loan would help retain 5 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Citibank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Citibank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Obtaining Funding - How to Decide How Much to Raise SBA 7A Lenders in Las Vegas, Nevada
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