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November 14, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Bradenton, Business Loans > First Priority Bank Bradenton Business Loans > Beauty Shops Loan | ||||
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How to Get an SBA Loan in Miami, Florida
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Local Business Gets a Florida SBA LoanFloridaBusiness loans are available to Florida business owners through the SBA. In this case, a Florida bank provides the loan. This company, based in Miami, Florida, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from First Priority Bank. We've got the inside scoop on this Florida small business loan. SBA Loan Borrower COMPANY TYPE: BEAUTY SHOPS SBA Loan Lender FIRST PRIORITY BANK This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7231 - Beauty Shops NAICS Code 812112 - Beauty Salons Loan Approval Date 5/18/2004 Loan Approval Gross Amount $454,000 Loan Approval from the SBA Of the total $454,000 loan amount, the SBA guaranteed $340,500. 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 14 employees. This SBA loan request did not indicate that the business planned to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan Many small businesses receive loans backed by the U.S. Small Business Administration. 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. Related Links: Small Bank Loans in Bradenton, Florida Getting a Business Loan in Florida
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