Miami, Florida Entrepreneur Gets a Small Business Loan
Small business loans in Florida are are few and far betweeen these days. We take a look at one Florida small business loan, provided by a North Carolina bank, that was approved by the SBA.
You can learn something about getting a small business loan in Miami, Florida by studying this loan to Adt Digital Telecommunication Corp, made back in 2007. Banks like Bank Of America may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
ADT Digital Telecommunication Corp
14342 160TH TER
MIAMI, FL 33177
SBA Loan Lender
BANK OF AMERICA
100 N TRYON ST
CHARLOTTE, NC 28255
The lender provided this 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
561499 - All Other Business Support Services
Loan Approval Date
8/1/2007
Loan Approval Gross Amount
$6,700
Loan Approval from the SBA
Of the total $6,700 loan amount, the SBA guaranteed $3,350.
More Information on This SBA Loan
The borrower, Adt Digital Telecommunication Corp, borrowed this money for an existing business. The SBA's record indicate that the loan was not for investment in a franchise. At the time of the loan, the company
had 2 employees. The SBA loan application for the borrower indicated that the loan would help retain 2 existing jobs.
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.
If Adt Digital Telecommunication 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.
Related Links:
Strategic Investors
SBA Participating Banks in Charlotte, North Carolina
SBA Lenders in North Carolina
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