Entrepreneur Works With Miami, Florida Bank to Get an SBA Loan
Thinking about meeting with a Miami, Florida bank about an SBA loan? Here's one Florida business loan, issued by a Miami bank, that was approved by the SBA.
Applying for an SBA loan with Citibank worked out well for our friends at 103 Palmetto Auto Center Inc in Hialeah, Florida. The business was able to get an SBA loan for $40,000. Nice!
SBA Loan Borrower
103 PALMETTO AUTO CENTER INC
7701 NW 103RD ST
HIALEAH, FL 33016
SBA Loan Lender
CITIBANK
8750 DORAL BLVD, 7TH FL
MIAMI, FL 33178
This commercial loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
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
811111 - General Automotive Repair
Loan Approval Date
6/18/2004
Loan Approval Gross Amount
$40,000
Loan Approval from the SBA
Of the total $40,000 loan amount, the SBA guaranteed $20,000.
More Information on This SBA Loan
The borrower, 103 Palmetto Auto Center Inc, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 4 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 4 existing jobs.
Getting an SBA Loan For Your Business
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
Your solution for where to find money to start a business may be an SBA guaranteed loan. 103 Palmetto Auto Center Inc recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's SBA loan database.
Related Links:
Family and Friend Investors - Your First Financiers
Banks in Miami, Florida
Getting an SBA Loan in Florida
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