Miami, Florida Bank Gives SBA Loan to Hernandez Truck Services, Inc.
A Miami, Florida SBA loan can be yours. Learn how Hernandez Truck Services, Inc. got a $400,000 business loan from this Florida bank.
This loan to Hernandez Truck Services, Inc. is a good example of an SBA loan. Ocean Bank made the loan and the SBA guaranteed a portion of the loan. Many other Florida entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.
SBA Loan Borrower
HERNANDEZ TRUCK SERVICES, INC.
10600 NW SOUTH RIVER DRIVE
MEDLEY, FL 33178
SBA Loan Lender
OCEAN BANK
780 NW 42ND AVE
MIAMI, FL 33126
The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA bank loans to to entrepreneurs who might have trouble getting a conventional bank loan.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
4212 - Local Trucking Without Storage
NAICS Code
484110 - General Freight Trucking, Local
Loan Approval Date
10/29/2003
Loan Approval Gross Amount
$400,000
Loan Approval from the SBA
Of the total $400,000 loan amount, the SBA guaranteed $300,000.
More Information on This SBA Loan
The borrower, Hernandez Truck 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 6 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees. This loan was paid in full, and was closed out on 10/4/2007.
Great, But How Can I Get an SBA Loan for My Business?
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. If a firm like Hernandez Truck Services, Inc. is able to get a $400,000 loan, why not give getting an SBA loan of your own a try?
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's SBA loan database.
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