Hialeah Gardens, Florida Entrepreneur Gets a Bank Loan

SBA loans in Florida are are few and far betweeen these days. We take a look at one Florida SBA loan, provided by a Florida bank, that was approved by the SBA.

You can learn something about getting a small business loan in Hialeah Gardens, Florida by studying this loan to Ace Business Services, Inc., made back in 2003. Banks like Continl National Bank - Miami may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

ACE BUSINESS SERVICES, INC.
13117 NW 107 AVENUE
HIALEAH GARDENS, FL 33018

SBA Loan Lender

CONTINL NATIONAL BANK - MIAMI
1801 SW FIRST ST
MIAMI, FL 33135

This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5044 - Office Equipment

NAICS Code

453210 - Office Supplies and Stationery

Loan Approval Date

4/21/2003

Loan Approval Gross Amount

$122,000

Loan Approval from the SBA

Of the total $122,000 loan amount, the SBA guaranteed $103,700.

More Information on This SBA Loan

The borrower, Ace Business Services, Inc., borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 14 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees. This loan was paid in full, and was closed out on 11/3/2004.

Start the Process for Getting an SBA Loan Today!

If you need money to start a business or need money for an existing business, an SBA loan can be a great funding source

If Ace Business Services, 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:

The Art of Bootstrapping

SBA 7A Banks in Miami, Florida

SBA Florida Banks

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.