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| Entrepreneur Resources | California Bank & Trust Sacramento Business Loans | ||||
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SBA 7A Banks in Florida
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Financing for Jewelry, Watch, Precious Stone, and Precious Metal Merchant WholesalersLooking for loans for jewelry, watch, precious stone, and precious metal merchant wholesalers? Talk to a banker who works with the SBA. This $150,000 jewelry, watch, precious stone, and precious metal merchant wholesalers loan was issued by a California bank.
Comercial Mallorca, Inc., Dba knew how to go about getting a business bank loan. Based in Miami, Florida, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was California Bank & Trust, based in Sacramento, California. SBA Loan Borrower COMERCIAL MALLORCA, INC., DBA SBA Loan Lender CALIFORNIA BANK & TRUST This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 423940 - Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers Loan Approval Date 12/21/2005 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $75,000. More Information on This SBA Loan The borrower, Comercial Mallorca, Inc., Dba, 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 15 employees. The loan application indicated that the loan would help retain 15 existing jobs. Getting an SBA Loan For Your Business If you are raising money in Miami FL, you ought to talk with a local Miami SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Miami businesses. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this Comercial Mallorca, Inc., Dba loan from California Bank & Trust 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: Obtaining Funding - Getting Venture Capital Small Business Banks in Sacramento, California 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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