Miami, Florida Bank Gives SBA Loan to Life Quality Home Health Care

Get business loans from a Miami, Florida bank that knows how to treat small business owners right! If Life Quality Home Health Care can get a loan, there's no reason you can't do it too.

Ups Capital Business Credit is a Miami, Florida small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to Life Quality Home Health Care a Florida company.

SBA Loan Borrower

LIFE QUALITY HOME HEALTH CARE
5180 W ATLANTIC AVE
DELRAY BEACH, FL 33484

SBA Loan Lender

UPS CAPITAL BUSINESS CREDIT
1001 BRICKELL BAY DR, STE 181
MIAMI, FL 33131

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This debt financing was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5047 - Medical, Dental and Hospital Equipment and Supplie

NAICS Code

421450 - Medical, Dental, and Hospital Equipment and Supplies Wholesalers

Loan Approval Date

11/1/2001

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $187,500.

More Information on This SBA Loan

The borrower, Life Quality Home Health Care, 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 9 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees. This loan was paid in full, and was closed out on 11/2/2006.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. Life Quality Home Health Care needed a loan. Ups Capital Business Credit 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, Ups Capital Business Credit made the loan. The end result was that Life Quality Home Health Care 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:

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Where to Get an SBA Loan in Miami, Florida

Florida SBA 7A Lenders

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