Continl National Bank - Miami SBA Loan to Bella Enterprises Of South Flo
Continl National Bank - Miami is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Florida entrepreneur who tapped into the power of SBA loans.
Getting a small business loan in Miami, Florida was an essential business goal for Bella Enterprises Of South Flo back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Continl National Bank - Miami, operating out of Miami, Florida. Here are the details on this Florida small business loan.
SBA Loan Borrower
BELLA ENTERPRISES OF SOUTH FLO
1777 SW 13 AVE
MIAMI, FL 33145
SBA Loan Lender
CONTINL NATIONAL BANK - MIAMI
1801 SW FIRST ST
MIAMI, FL 33135
This loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
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
452990 - All Other General Merchandise Stores
Loan Approval Date
3/10/2006
Loan Approval Gross Amount
$80,000
Loan Approval from the SBA
Of the total $80,000 loan amount, the SBA guaranteed $40,000.
More Information on This SBA Loan
The borrower, Bella Enterprises Of South Flo, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 4 employees. The SBA loan application for the borrower indicated that the loan would help create 4 new jobs. This loan was paid in full, and was closed out on 9/21/2007.
Next Steps for Getting an SBA Loan
SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.
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.
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