Hialeah, Florida Entrepreneur Gets an SBA Loan

Would a Florida SBA loan help your business get to the next level? If so, you may want to talk with this Florida bank, which offers SBA loans to Florida entrepreneurs.

Getting a small business loan in Hialeah, Florida was a top priority for this particular business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Interamerican Bank, Fsb. Here are the details on this Florida small business loan.

SBA Loan Borrower

COMPANY TYPE: SPRING MANUFACTURING
HIALEAH, FL 33010

SBA Loan Lender

INTERAMERICAN BANK, FSB
4090 W 12TH AVE
HIALEAH, FL 33012

This lender issued this SBA small business loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

332612 - Spring Manufacturing

Loan Approval Date

1/14/2002

Loan Approval Gross Amount

$733,971

Loan Approval from the SBA

Of the total $733,971 loan amount, the SBA guaranteed $550,478.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 30 employees. This SBA loan request did not indicate that the company promised to use the money to hire new employees or retain any existing employees.

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

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Interamerican Bank, Fsb and they will explain how you can get an SBA loan for your company.

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

Where to Get an SBA Loan in Hialeah, Florida

Getting an SBA Loan in Florida