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| Entrepreneur Resources | Ocean Bank Miami Business Loans | ||||
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We Needed a Commercial Loan in Homestead, Florida and We Got One!
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Borrowing Money for Security Systems ServicesLooking for loans for security systems services? Try the SBA. This $200,000 security systems services loan was issued by a Florida bank.
Elite Security Alarm Systems knew how to go about getting a business bank loan. Based in Homestead, Florida, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Ocean Bank, based in Miami, Florida. SBA Loan Borrower ELITE SECURITY ALARM SYSTEMS SBA Loan Lender OCEAN BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7382 - Security Systems Services NAICS Code 561621 - Security Systems Services (except Locksmiths) Loan Approval Date 1/18/2002 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $150,000. More Information on This SBA Loan The borrower, Elite Security Alarm Systems, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 17 employees. The SBA loan documents did not indicate that the business planned to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. Your solution for where to find money to start a business may be an SBA guaranteed loan. Elite Security Alarm Systems 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: Obtaining Funding - How to Borrow Money SBA 7A Lenders 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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