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| Entrepreneur Resources | Bank Of The West San Francisco Business Loans | ||||
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Advice for Small Businesses On Getting a Loan
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Bank Loans for Store RetailersWith these bank loans for store retailers, the SBA guarantees the lender that the loan will be repaid. This store retailers loan for $500,000 was given to a Florida entrepreneur in 2005.
Getting a small business loan in Miami, Florida was important for 2638 Corporation And America's back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Bank Of The West, operating out of San Francisco, California. Here are the details on this Florida small business loan. SBA Loan Borrower 2638 CORPORATION AND AMERICA'S SBA Loan Lender BANK OF THE WEST As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 453998 - All Other Miscellaneous Store Retailers (except Tobacco Stores) Loan Approval Date 1/3/2005 Loan Approval Gross Amount $500,000 Loan Approval from the SBA Of the total $500,000 loan amount, the SBA guaranteed $375,000. More Information on This SBA Loan The borrower, 2638 Corporation And America's, borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 10 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. If 2638 Corporation And America's 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: SBA Banks in San Francisco, California 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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