Where to Get Capital for Retail Bakeries

Looking for SBA loans for retail bakeries? The SBA may be the answer. This $77,000 retail bakeries loan was issued by a Florida bank.

This business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Sun American Bank, out of Boca Raton, Florida. The loan was granted and they received $77,000 to help grow their Miami, Florida business.

SBA Loan Borrower

COMPANY TYPE: RETAIL BAKERIES
MIAMI, FL 33129

SBA Loan Lender

SUN AMERICAN BANK
9293 GLADES RD
BOCA RATON, FL 33434

This business 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

5461 - Retail Bakeries

NAICS Code

311811 - Retail Bakeries

Loan Approval Date

11/4/2002

Loan Approval Gross Amount

$77,000

Loan Approval from the SBA

Of the total $77,000 loan amount, the SBA guaranteed $65,450.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

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

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Sun American Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Sun American Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Obtaining Funding From a Venture Capitalist

SBA Banks in Boca Raton, Florida

Florida SBA Bank Lenders