Hialeah, Florida Entrepreneur Gets a Business Loan

Would a Florida business loan help your company expand? If so, you may want to talk with this Florida bank, which offers SBA loans to Florida entrepreneurs.

Getting a small business loan in Hialeah, Florida was a top priority for Roma Meat Specialties, Inc. back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Transatlantic Bank. Here are the details on this Florida small business loan.

SBA Loan Borrower

ROMA MEAT SPECIALTIES, INC.
265 WEST 27TH STREET
HIALEAH, FL 33010

SBA Loan Lender

TRANSATLANTIC BANK
102 NW 37TH AVE
MIAMI, FL 33126

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

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2013 - Sausages and Other Prepared Meat Products

NAICS Code

311612 - Meat Processed from Carcasses

Loan Approval Date

5/15/2003

Loan Approval Gross Amount

$140,000

Loan Approval from the SBA

Of the total $140,000 loan amount, the SBA guaranteed $119,000.

More Information on This SBA Loan

The borrower, Roma Meat Specialties, Inc., borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. Roma Meat Specialties, Inc. needed a loan. Transatlantic Bank 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, Transatlantic Bank made the loan. The end result was that Roma Meat Specialties, Inc. 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.

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