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| Entrepreneur Resources | Community W. Bank Goleta Business Loans | ||||
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Miami, Florida Bank for SBA Loans
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Getting an SBA Loan for Furniture StoresLooking for commercial loans for furniture stores? Try the SBA. This $1,449,000 furniture stores 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 $1,449,000 from Community W. Bank. The SBA made the loan possible by guaranteeing $1,086,750 of this Florida small business loan. SBA Loan Borrower BEAU LIVING LLC SBA Loan Lender COMMUNITY W. BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 442110 - Furniture Stores Loan Approval Date 3/23/2007 Loan Approval Gross Amount $1,449,000 Loan Approval from the SBA Of the total $1,449,000 loan amount, the SBA guaranteed $1,086,750. More Information on This SBA Loan The borrower, Beau Living LLC, 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 only one employee. The loan application indicated that the loan would help generate 7 new jobs and retain 1 existing job. Great, But How Can I Get an SBA Loan for My Business? Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. 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: Who Lends Money to Small Businesses in Goleta, California SBA Participating Banks 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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