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| Entrepreneur Resources | Newtek Small Business Finance Inc. New York Business Loans | ||||
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Banks That Lend to Florida Small Businesses
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Newtek Small Business Finance Inc. Gives Business Loan to Beverage Solutions IncFlorida small business loans are available to Florida small business owners through the SBA. In this case, a New York bank provides the loan.
By giving the right information to Newtek Small Business Finance Inc., this Miami, Florida business was able to get an SBA loan. To get this loan, Beverage Solutions Inc gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower BEVERAGE SOLUTIONS INC SBA Loan Lender NEWTEK SMALL BUSINESS FINANCE INC. 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 454210 - Vending Machine Operators Loan Approval Date 4/30/2004 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $85,000. More Information on This SBA Loan The borrower, Beverage Solutions 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 5 employees. The loan application did not indicate that the company planned to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan to Beverage Solutions Inc shows that any business with ambition and the right qualifications can get an SBA loan. About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Find an SBA Lender in New York, New York 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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