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| Entrepreneur Resources | Regions Bank Miami Business Loans | ||||
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Florida Business Loan from Regions Bank
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Business Loan from Regions Bank Given to Manatee Citgo IncRegions Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a Florida entrepreneur was able to get a loan to take a small business to the next level.
Manatee Citgo Inc knew how to go about getting a business bank loan. Based in Bradenton, Florida, they applied for and received an SBA-guaranteed loan in 2002. The lending bank was Regions Bank, based in Miami, Florida. SBA Loan Borrower MANATEE CITGO INC SBA Loan Lender REGIONS BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 447110 - Gasoline Stations with Convenience Stores Loan Approval Date 9/26/2002 Loan Approval Gross Amount $1,370,000 Loan Approval from the SBA Of the total $1,370,000 loan amount, the SBA guaranteed $999,990. More Information on This SBA Loan The borrower, Manatee Citgo Inc, borrowed this money for an existing business. The SBA's record indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 4 employees. The loan application indicated that the loan would help retain 4 existing jobs. This loan was paid in full, and was closed out on 1/29/2007. Great, But How Can I Get an SBA Loan for My Business? SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. If Manatee Citgo Inc can get an SBA loan, there's no reason you can't get an SBA loan too. The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Obtaining Funding - Getting Venture Capital Small Business Banks in Miami, Florida Getting an SBA Loan in Florida If you are an ambitious entrepreneur or an aspiring executive looking to get involved with a startup, please take the time to learn more about Gaebler Ventures.
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