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| Entrepreneur Resources | Mercantil Commercebank National As Coral Gables Business Loans | ||||
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Miami, Florida Bank for SBA Loans
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Financing for Home Health Care ServicesLooking for loans for home health care services? Try the SBA. This $100,000 home health care services loan was issued by a Florida bank.
Getting a small business loan in Miami, Florida was important for Coast To Coast Healthcare Solu back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Mercantil Commercebank National As, operating out of Coral Gables, Florida. Here are the details on this Florida small business loan. SBA Loan Borrower COAST TO COAST HEALTHCARE SOLU SBA Loan Lender MERCANTIL COMMERCEBANK NATIONAL AS This lender issued this particular bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 621610 - Home Health Care Services Loan Approval Date 4/15/2005 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $85,000. More Information on This SBA Loan The borrower, Coast To Coast Healthcare Solu, borrowed this money for an existing business. The SBA's record indicate that the loan was not for investment in a franchise. 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 funding to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Mercantil Commercebank National As that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Best Banks for Small Business in Coral Gables, Florida Getting a Business Loan in Florida If you are an ambitious entrepreneur or an aspiring executive looking to get involved with a startup, please take the time to learn more about Gaebler Ventures.
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