Firm Gets a Florida Bank Loan
FloridaSmall business loans are available to Florida small business owners through the SBA. In this case, a Florida bank provides the loan.
Getting a small business loan in Miami, Florida was a top priority for this small company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from 1st United Bank. Here are the details on this Florida small business loan.
SBA Loan Borrower
COMPANY TYPE: COMMERCIAL LITHOGRAPHIC PRINTING
MIAMI, FL 33168
SBA Loan Lender
1ST UNITED BANK
ONE NORTH FEDERAL HWY
BOCA RATON, FL 33432
This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
323110 - Commercial Lithographic Printing
Loan Approval Date
9/28/2004
Loan Approval Gross Amount
$375,000
Loan Approval from the SBA
Of the total $375,000 loan amount, the SBA guaranteed $281,250.
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 14 employees. The SBA loan documents indicated that the loan would help retain 14 existing jobs.
Getting an SBA Loan For Your Business
Remember, 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.
Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $375,000 loan. Remember, feel the fear, and do it anyway.
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:
Equity Financing
Where to Get an SBA Loan in Boca Raton, Florida
SBA Florida Lenders