SBA Loan from Republic Federal Bank Helps Atc

An SBA loan from Republic Federal Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Miami, Florida business owner got a $250,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Miami, Florida was able to borrow $250,000 from Republic Federal Bank. The SBA made the loan possible by guaranteeing $187,500 of this Florida small business loan.

SBA Loan Borrower

ATC
9100 S DADELAND BLVD, S 909
MIAMI, FL 33156

SBA Loan Lender

REPUBLIC FEDERAL BANK
8600 NW 36TH ST, STE 800
MIAMI, FL 33166

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide commercial loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7382 - Security Systems Services

NAICS Code

561621 - Security Systems Services (except Locksmiths)

Loan Approval Date

3/22/2001

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $187,500.

More Information on This SBA Loan

The borrower, Atc, 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 20 employees. The SBA loan documents did not indicate that the company promised to use the funding to add employees or retain any existing employees. This loan was paid in full, and was closed out on 5/30/2002.

Getting an SBA Loan For Your Business

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 you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this Atc loan from Republic Federal Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

Related Links:

Startup Funding Tip

SBA 7A Lenders in Miami, Florida

Florida SBA Banks

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