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Florida Small Business Funding
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General Automotive Repair Commercial LoansLooking for commercial loans for general automotive repair? The SBA may be the answer. This $52,800 general automotive repair loan was issued by a California bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Miami, Florida was able to borrow $52,800 from California Bank & Trust. The SBA made the loan possible by guaranteeing $26,400 of this Florida small business loan. SBA Loan Borrower AUTO A/C WORLD INC SBA Loan Lender CALIFORNIA BANK & TRUST 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 811111 - General Automotive Repair Loan Approval Date 4/28/2004 Loan Approval Gross Amount $52,800 Loan Approval from the SBA Of the total $52,800 loan amount, the SBA guaranteed $26,400. More Information on This SBA Loan The borrower, Auto A/c World 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 3 employees. The SBA loan application for the borrower indicated that the loan would help retain 3 existing jobs. This loan was paid in full, and was closed out on 8/1/2006. Next Steps for Getting an SBA Loan If you need money to start a small business or need money to grow a business, an SBA loan can be a great source of funding. We can help you find the best banks for small businesses in Miami or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Good Banks for Small Business in Sacramento, California Getting an SBA Loan in California 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.
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