Florida Small Business Loan Issued to Camaguey Drugs

Would a Florida business loan help your company expand? If so, you may want to talk with this Florida bank, which offers SBA loans to Florida entrepreneurs.

You can learn something about getting a small business loan in Miami, Florida by studying this loan to Camaguey Drugs, made back in 2003. Banks like Continl National Bank - Miami may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

CAMAGUEY DRUGS
444 SW 8TH ST
MIAMI, FL 33130

SBA Loan Lender

CONTINL NATIONAL BANK - MIAMI
1801 SW FIRST ST
MIAMI, FL 33135

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 began 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

5912 - Drug Stores and Proprietary Stores

NAICS Code

446110 - Pharmacies and Drug Stores

Loan Approval Date

10/2/2003

Loan Approval Gross Amount

$350,000

Loan Approval from the SBA

Of the total $350,000 loan amount, the SBA guaranteed $262,500.

More Information on This SBA Loan

The borrower, Camaguey Drugs, borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 12 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees. This loan was paid in full, and was closed out on 5/3/2006.

Great, But How Can I Get an SBA Loan for My Business?

Many small businesses receive loans backed by the U.S. Small Business Administration.

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this Camaguey Drugs loan from Continl National Bank - Miami so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

Related Links:

Accountant's Role in Securing Financing

SBA 7A Lenders in Miami, Florida

Florida SBA Bank Lenders

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