Store Retailers SBA Loans
With these SBA loans for store retailers, the SBA guarantees the lender that the loan will be repaid. This store retailers loan for $480,000 was given to a Florida entrepreneur in 2007.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Miami Lakes, Florida was able to borrow $480,000 from Community So. Bank D.B.A Commun. The SBA made the loan possible by guaranteeing $360,000 of this Florida small business loan.
SBA Loan Borrower
COMPANY TYPE: STORE RETAILERS
Miami Lakes, FL 33016
SBA Loan Lender
COMMUNITY SO. BANK D.B.A COMMUN
51 W MAIN ST
PARSONS, TN 38363
Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
453998 - Store Retailers
Loan Approval Date
1/16/2007
Loan Approval Gross Amount
$480,000
Loan Approval from the SBA
Of the total $480,000 loan amount, the SBA guaranteed $360,000.
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 only one employee. The loan application indicated that the funding would help generate 1 new job.
Getting an SBA Loan For Your Business
SBA loans provide money to small business owners for working capital for other expenses.
This SBA loan was for $480,000. How would you spend $480,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.
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:
Direct Public Offerings
SBA 7A Banks for Parsons, Tennessee Loans
Tennessee SBA Banks