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Miami, Florida Bank for SBA Loans

 

 
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Small Business Loans for Home Furnishing Wholesalers

Looking for small business loans for home furnishing wholesalers? An SBA loan may be just what you've been looking for. This $150,000 home furnishing wholesalers loan was issued by a Florida bank.

Getting a small business loan in Miami, Florida was important for Decorative Interior Goods Stor back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Metro Bank Of Dade County, operating out of Miami, Florida. Here are the details on this Florida small business loan.

SBA Loan Borrower

DECORATIVE INTERIOR GOODS STOR
BRICKELL AVENUE
MIAMI, FL 33129

SBA Loan Lender

METRO BANK OF DADE COUNTY
9350 S DIXIE HWY
MIAMI, FL 33156

This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5023 - Homefurnishings

NAICS Code

421220 - Home Furnishing Wholesalers

Loan Approval Date

6/7/2002

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower, Decorative Interior Goods Stor, borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the company planned to use the money to hire new employees or retain any existing employees. This loan was paid in full, and was closed out on 11/4/2005.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

Your solution for where to find money to start a business may be an SBA guaranteed loan. Decorative Interior Goods Stor recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

About This SBA Loan Information:

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

Related Links:

Choosing VC Firms

Where to Get an SBA Loan in Miami, Florida

SBA Lenders 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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