Where to Get Capital for Mortgage and Nonmortgage Loan Brokers
Looking for small business loans for mortgage and nonmortgage loan brokers? Talk to a banker who works with the SBA. This $84,000 mortgage and nonmortgage loan brokers loan was issued by a California bank.
Getting a small business loan in Miami, Florida was important for Andy's Mortgage Center, Inc back in 2005 and, based on their loan application, they were successful in getting an SBA loan from California Bank & Trust, operating out of Sacramento, California. Here are the details on this Florida small business loan.
SBA Loan Borrower
ANDY'S MORTGAGE CENTER, INC
175 FONTAINEBLEAU BLVD, STE
MIAMI, FL 33172
SBA Loan Lender
CALIFORNIA BANK & TRUST
2399 GATEWAY OAKS DR, STE 110
SACRAMENTO, CA 95833
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
522310 - Mortgage and Nonmortgage Loan Brokers
Loan Approval Date
1/10/2005
Loan Approval Gross Amount
$84,000
Loan Approval from the SBA
Of the total $84,000 loan amount, the SBA guaranteed $42,000.
More Information on This SBA Loan
The borrower, Andy's Mortgage Center, Inc, 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 4 employees. This SBA loan request indicated that the loan would help retain 4 existing jobs. This loan was paid in full, and was closed out on 2/2/2006.
Start the Process for Getting an SBA Loan Today!
SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.
Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like Andy's Mortgage Center, Inc did when it applied for and received this $84,000 loan. Remember, things become real when you believe you can achieve them!
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's SBA loan database.
Related Links:
Famous Venture Capitalists
SBA Participating Banks in Sacramento, California
Where to Get an SBA Loan California
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