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| Entrepreneur Resources | Regions Bank Memphis Business Loans | ||||
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Who Lends Money to Miami Entrepreneurs
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Miami, Florida Entrepreneur Gets a Bank LoanSmall business loans in Florida are tough to come by these days. We take a look at one Florida small business loan, provided by a Tennessee bank, that was approved by the SBA.
Getting a small business loan in Miami, Florida was a top priority for Credit Card Merchant Services back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Regions Bank. Here are the details on this Florida small business loan. SBA Loan Borrower CREDIT CARD MERCHANT SERVICES SBA Loan Lender REGIONS BANK This business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. 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 325998 - All Other Miscellaneous Chemical Product and Preparation Manufacturing Loan Approval Date 8/15/2001 Loan Approval Gross Amount $40,200 Loan Approval from the SBA Of the total $40,200 loan amount, the SBA guaranteed $20,100. More Information on This SBA Loan The borrower, Credit Card Merchant Services, 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 2 employees. The loan application indicated that the loan would help retain 2 existing jobs. Getting an SBA Loan For Your Business 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. If Credit Card Merchant Services can get an SBA loan, there's no reason you can't get an SBA loan too. The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: The Friends and Family Network SBA Participating Banks in Memphis, Tennessee SBA Participating Banks in Tennessee 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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