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| Entrepreneur Resources | Sun American Bank Boca Raton Business Loans | ||||
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Business Loans for Miami Small Businesses
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Financing for Retail BakeriesLooking for commercial loans for retail bakeries? The SBA may be the answer. This $77,000 retail bakeries loan was issued by a Florida bank.
Batres Enterprises, Inc. received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Sun American Bank, out of Boca Raton, Florida. The loan was granted and they received $77,000 to help grow their Miami, Florida business. SBA Loan Borrower BATRES ENTERPRISES, INC. SBA Loan Lender SUN AMERICAN BANK This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5461 - Retail Bakeries NAICS Code 311811 - Retail Bakeries Loan Approval Date 11/4/2002 Loan Approval Gross Amount $77,000 Loan Approval from the SBA Of the total $77,000 loan amount, the SBA guaranteed $65,450. More Information on This SBA Loan The borrower, Batres Enterprises, Inc., borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. Batres Enterprises, Inc. needed a loan. Sun American Bank probably wouldn't have granted the loan based on the merits of the company, but with the SBA stepping up and agreeing to guarantee part of the loan, Sun American Bank made the loan. The end result was that Batres Enterprises, Inc. was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Obtaining Funding From a Venture Capitalist SBA Banks in Boca Raton, Florida 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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