Miami, Florida Bank Lends Money to Cesar E. Ceballos, Md Pa in Miami, Florida

Thinking about meeting with a Miami, Florida bank about a 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 Cesar E. Ceballos, Md Pa in Miami, Florida. The business was able to get an SBA loan for $300,000. Way to go!

SBA Loan Borrower

CESAR E. CEBALLOS, MD PA
11801 SW 90TH ST., #203
MIAMI, FL 33186

SBA Loan Lender

OCEAN BANK
780 NW 42ND AVE
MIAMI, FL 33126

This SBA small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8011 - Offices and Clinics of Doctors of Medicine

NAICS Code

621111 - Offices of Physicians (except Mental Health Specialists)

Loan Approval Date

4/9/2003

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $225,000.

More Information on This SBA Loan

The borrower, Cesar E. Ceballos, Md Pa, 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 6 employees. The SBA loan documents did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as Cesar E. Ceballos, Md Pa walked into Ocean Bank and applied for an SBA loan, you have to do the same thing. The sooner you start, the faster you'll get the money!

About This SBA Loan Information:

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

Related Links:

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