Miami, Florida Business Gets SBA-Guaranteed Funding from Capital One
Capital One has a track record as a leading provider of SBA loans. Find out how this Florida entrepreneur received an SBA loan from them.
Getting a small business loan in Miami, Florida was an essential business goal for Atlantis Electrical Corp back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Capital One, operating out of Mclean, Virginia. Here are the details on this Florida small business loan.
SBA Loan Borrower
ATLANTIS ELECTRICAL CORP
12803 SW 20TH TERRACE
MIAMI, FL 33175
SBA Loan Lender
CAPITAL ONE
1680 CAPITAL ONE DR
MCLEAN, VA 22102
This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
238210 - Electrical Contractors and other Wiring Installation Contractors
Loan Approval Date
9/23/2003
Loan Approval Gross Amount
$75,000
Loan Approval from the SBA
Of the total $75,000 loan amount, the SBA guaranteed $63,750.
More Information on This SBA Loan
The borrower, Atlantis Electrical Corp, 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 15 employees. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
If Atlantis Electrical 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:
Determining Proper Capital Structure for a Business
SBA Participating Banks in Mclean, Virginia
Virginia SBA 7A Banks
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.