Entrepreneur Works With Miami, Florida Bank to Get an SBA Loan

Get SBA loans from a Miami, Florida bank that knows how to treat small business owners right! If Capstone Financial & Investmen can get a loan, there's no reason you can't do it too.

Community Bank Of Florida is a Miami, Florida small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to Capstone Financial & Investmen a Florida company.

SBA Loan Borrower

CAPSTONE FINANCIAL & INVESTMEN
518 SANTANDER AVENUE #2
MIAMI, FL 33134

SBA Loan Lender

COMMUNITY BANK OF FLORIDA
19900 SW 177 AVE
MIAMI, FL 33187

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

6531 - Real Estate Agents and Managers - see exception

NAICS Code

531210 - Offices of Real Estate Agents and Brokers

Loan Approval Date

12/9/2002

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $63,750.

More Information on This SBA Loan

The borrower, Capstone Financial & Investmen, 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 5 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. If a firm like Capstone Financial & Investmen is able to get a $75,000 loan, why not give getting an SBA loan of your own a try?

About This SBA Loan Information:

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

Related Links:

Business Line of Credit

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