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| Entrepreneur Resources | Bank Of America Charlotte Business Loans | ||||
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Raising Money in Miami, Florida With SBA Loans
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Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers Bank LoansLooking for bank loans for jewelry, watch, precious stone, and precious metal merchant wholesalers? Talk to a banker who works with the SBA. This $100,000 jewelry, watch, precious stone, and precious metal merchant wholesalers loan was issued by a North Carolina bank.
Getting a small business loan in Miami, Florida was important for A & M Imports LLC back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Bank Of America, operating out of Charlotte, North Carolina. Here are the details on this Florida small business loan. SBA Loan Borrower A & M IMPORTS LLC SBA Loan Lender BANK OF AMERICA This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 423940 - Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers Loan Approval Date 7/3/2003 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $50,000. More Information on This SBA Loan The borrower, A & M Imports LLC, 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 7 employees. The loan application indicated that the loan would help retain 7 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan to A & M Imports LLC shows that any business with ambition and the right qualifications can get an SBA loan. About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Determining Proper Capital Structure for a Business SBA Approved Banks in Charlotte, North Carolina 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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