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| Entrepreneur Resources | Citibank Miami Business Loans | ||||
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Miami, Florida SBA 7A Banks
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Miami, Florida Lender Lends Money to Bernie Becker Recording & MasA Miami, Florida business loan can be yours. Learn how Bernie Becker Recording & Mas got a $25,000 business loan from this Florida bank.
This loan to Bernie Becker Recording & Mas is a good example of an SBA loan. Citibank made the loan and the SBA guaranteed a portion of the loan. Many other California entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower BERNIE BECKER RECORDING & MAS SBA Loan Lender CITIBANK This lender processed this bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 512290 - Other Sound Recording Industries Loan Approval Date 9/6/2001 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, Bernie Becker Recording & Mas, 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 only one employee. The loan application indicated that the loan would help retain 1 existing job. This loan was paid in full, and was closed out on 2/23/2004. Getting an SBA Loan For Your Business Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. Bernie Becker Recording & Mas needed a loan. Citibank probably wouldn't have granted the loan based on the merits of the company, but with the SBA stepping up and agreeing to guarantee part of the loan, Citibank made the loan. The end result was that Bernie Becker Recording & Mas 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 SBA loan database. Related Links: Microlending as a Small Business Funding Source Best Banks for Small Business in Miami, 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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