Financing for Storage Battery Manufacturing

With these loans for storage battery manufacturing, the SBA guarantees the lender that the loan will be repaid. This storage battery manufacturing loan for $550,000 was given to a Florida entrepreneur in 2000.

This small firm knew how to go about getting a business bank loan. Based in Medley, Florida, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Mercantil Commercebank National As, based in Hialeah, Florida.

SBA Loan Borrower

COMPANY TYPE: STORAGE BATTERIES
MEDLEY, FL 33178

SBA Loan Lender

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

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide commercial loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3691 - Storage Batteries

NAICS Code

335911 - Storage Battery Manufacturing

Loan Approval Date

4/17/2000

Loan Approval Gross Amount

$550,000

Loan Approval from the SBA

Of the total $550,000 loan amount, the SBA guaranteed $412,500.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 18 employees. The SBA loan documents did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Microlending as a Small Business Funding Source

SBA Approved Banks in Hialeah, Florida

Getting an SBA Loan in Florida