Miami, Florida Bank Gives SBA Loan to Born 2 Learn, Inc.
Thinking about meeting with a Miami, Florida bank about a small business loan? Here's one Florida business loan, issued by a Miami bank, that was approved by the SBA.
Applying for an SBA loan with Ocean Bank worked out well for our friends at Born 2 Learn, Inc. in Miami, Florida. The business was able to get an SBA loan for $54,000. Nice!
SBA Loan Borrower
BORN 2 LEARN, INC.
4627 NW 97 CT
MIAMI, FL 33178
SBA Loan Lender
OCEAN BANK
780 NW 42ND AVE
MIAMI, FL 33126
This lender issued this bank loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
8351 - Child Day Care Services
NAICS Code
624410 - Child Day Care Services
Loan Approval Date
4/16/2001
Loan Approval Gross Amount
$54,000
Loan Approval from the SBA
Of the total $54,000 loan amount, the SBA guaranteed $45,900.
More Information on This SBA Loan
The borrower, Born 2 Learn, Inc., borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had 10 employees. The SBA loan documents did not indicate that the business planned to use the money to hire new employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.
The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Ocean Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's SBA loan database.
Related Links:
Debt Financing
Where to Get an SBA Loan in Miami, Florida
Find an SBA Lender in Florida
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