Commercial Loans for Glass and Glazing Contractors

Looking for commercial loans for glass and glazing contractors? The SBA may be the answer. This $150,000 glass and glazing contractors loan was issued by a Florida bank.

Getting a small business loan in Miami, Florida was important for Casa Manolo, Inc. back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Ocean Bank, operating out of Miami, Florida. Here are the details on this Florida small business loan.

SBA Loan Borrower

CASA MANOLO, INC.
6745 S.W. 8TH STREET
MIAMI, FL 33144

SBA Loan Lender

OCEAN BANK
780 NW 42ND AVE
MIAMI, FL 33126

This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with borrowing money. The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1793 - Glass and Glazing Work

NAICS Code

235920 - Glass and Glazing Contractors

Loan Approval Date

4/3/2001

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower, Casa Manolo, Inc., borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 22 employees. This SBA loan request did not indicate that the small business promised to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. Casa Manolo, Inc. needed a loan. Ocean Bank probably wouldn't have granted the loan based on the merits of the company, but with the SBA stepping up and agreeing to guarantee part of the loan, Ocean Bank made the loan. The end result was that Casa Manolo, Inc. was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

About This SBA Loan Information:

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

Related Links:

Microlending as a Small Business Funding Source

Banks in Miami, Florida

Florida SBA 7A Lenders

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