Florida Bank Loan Issued to General Warehousing And Storage Company
FloridaBusiness loans are available to Florida business owners through the SBA. In this case, a New York 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 Newtek Small Business Finance Inc.. We've got the inside scoop on this Florida small business loan.
SBA Loan Borrower
COMPANY TYPE: GENERAL WAREHOUSING AND STORAGE
MIAMI, FL 33122
SBA Loan Lender
NEWTEK SMALL BUSINESS FINANCE INC.
1440 BROADWAY, 17TH FL.
NEW YORK, NY 10018
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
493110 - General Warehousing and Storage
Loan Approval Date
10/7/2005
Loan Approval Gross Amount
$181,000
Loan Approval from the SBA
Of the total $181,000 loan amount, the SBA guaranteed $135,750.
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 only one employee. This SBA loan request indicated that the loan would help generate 7 new jobs.
Next Steps for Getting an SBA Loan
SBA loans provide smart, affordable business financing for small businesses looking to expand.
While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.
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:
The Friends and Family Network
Where to Get an SBA Loan in New York, New York
Where to Get an SBA Loan New York