Pompano Beach, Florida Entrepreneur Gets a Business Loan
Bank loans in Florida are hard to find these days. We take a look at one Florida bank loan, provided by a California bank, that was approved by the SBA.
You can learn something about getting a small business loan in Pompano Beach, Florida by studying this loan to a local company, made back in 2007. Banks like Nara Bank may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: SUPERMARKETS AND GROCERY STORES
POMPANO BEACH, FL 33060
SBA Loan Lender
NARA BANK
3731 WILSHIRE BLVD, STE 1000
LOS ANGELES, CA 90010
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
445110 - Supermarkets and Grocery Stores
Loan Approval Date
8/1/2007
Loan Approval Gross Amount
$2,000,000
Loan Approval from the SBA
Of the total $2,000,000 loan amount, the SBA guaranteed $1,500,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 107 employees. The SBA loan documents indicated that the loan would help retain 107 existing jobs.
Start the Process for Getting an SBA Loan Today!
If you need business start up money in Pompano Beach FL, you ought to talk with a local Pompano Beach SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Pompano Beach businesses.
We've showcased information on this loan to let you know that businesses like yours 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:
Startup Funding Tip
Find an SBA Lender in Los Angeles, California
California SBA 7A Lenders