SBA Loan from Regions Bank Helps Cake Designs Corporation
Regions Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Florida entrepreneur who tapped into the power of SBA loans.
Getting a small business loan in Miami, Florida was an essential business goal for Cake Designs Corporation back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Regions Bank, operating out of Birmingham, Alabama. Here are the details on this Florida small business loan.
SBA Loan Borrower
Cake Designs Corporation
2549 NW 79th Ave
MIAMI, FL 33122
SBA Loan Lender
REGIONS BANK
417 NORTH 20TH ST
BIRMINGHAM, AL 35203
This small 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
311811 - Retail Bakeries
Loan Approval Date
2/14/2006
Loan Approval Gross Amount
$125,000
Loan Approval from the SBA
Of the total $125,000 loan amount, the SBA guaranteed $62,500.
More Information on This SBA Loan
The borrower, Cake Designs Corporation, 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 28 employees. The loan application indicated that the loan would help generate 15 new jobs and retain 43 existing jobs.
Start the Process for Getting an SBA Loan Today!
Every year, the SBA guarantees over $10 billion for loans just like this one.
If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this Cake Designs Corporation loan from Regions Bank 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:
Understanding Dilution
Find an SBA Lender in Birmingham, Alabama
Where to Get an SBA Loan Alabama
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