How to Get a Loan for Watch, Clock, and Part Manufacturing

Looking for SBA loans for watch, clock, and part manufacturing? Talk to a banker who works with the SBA. This $75,000 watch, clock, and part manufacturing loan was issued by a Florida bank.

A.R.S. Style Watch Manufacturing Corp knew how to go about getting a business bank loan. Based in Miami, Florida, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Bankunited, Fsb, based in Coral Gables, Florida.

SBA Loan Borrower

A.R.S. STYLE WATCH MANUFACTURING CORP
2315 NW 107TH AVE
MIAMI, FL 33172

SBA Loan Lender

BANKUNITED, FSB
255 ALHAMBRA CIR, 2ND FL
CORAL GABLES, FL 33134

The lender provided this business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

334518 - Watch, Clock, and Part Manufacturing

Loan Approval Date

9/8/2005

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $37,500.

More Information on This SBA Loan

The borrower, A.R.S. Style Watch Manufacturing Corp, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 5 existing jobs. This loan was paid in full, and was closed out on 3/4/2008.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

If A.R.S. Style Watch Manufacturing Corp 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.

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