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December 22, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Las Vegas, Business Loans > Citibank Las Vegas Business Loans > Women's Handbag And Purse Manufacturing Loan | ||||
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I Need a Business Loan in Miami, Florida
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Getting an SBA Loan for Women's Handbag and Purse ManufacturingLooking for commercial loans for women's handbag and purse manufacturing? Try the SBA. This $25,000 women's handbag and purse manufacturing loan was issued by a Nevada bank. Getting a small business loan in Miami, Florida was important for this business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Citibank, operating out of Las Vegas, Nevada. Here are the details on this Florida small business loan. SBA Loan Borrower COMPANY TYPE: WOMEN'S HANDBAG AND PURSE MANUFACTURING SBA Loan Lender CITIBANK This small business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 316992 - Women's Handbag and Purse Manufacturing Loan Approval Date 11/9/2006 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $12,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 5 existing jobs. Next Steps for Getting an SBA Loan For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: SBA Banks in Las Vegas, Nevada
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