Financing for Home Health Care Services

Looking for commercial loans for home health care services? Try the SBA. This $100,000 home health care services loan was issued by a Florida bank.

Getting a small business loan in Miami, Florida was important for this small business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Mercantil Commercebank National As, operating out of Coral Gables, Florida. Here are the details on this Florida small business loan.

SBA Loan Borrower

COMPANY TYPE: HOME HEALTH CARE SERVICES
MIAMI, FL 33069

SBA Loan Lender

MERCANTIL COMMERCEBANK NATIONAL AS
220 ALHAMBRA CIRCLE
CORAL GABLES, FL 33134

This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621610 - Home Health Care Services

Loan Approval Date

4/15/2005

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

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 12 employees. This SBA loan request did not indicate that the business promised to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Mercantil Commercebank National As that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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.

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