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| Entrepreneur Resources | Continl National Bank - Miami Miami Business Loans | ||||
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Get a Business Loan from Continl National Bank - Miami
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Continl National Bank - Miami SBA Loan to Discount Packaging Supply IncContinl National Bank - Miami 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 Discount Packaging Supply Inc back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Continl National Bank - Miami, operating out of Miami, Florida. Here are the details on this Florida small business loan. SBA Loan Borrower DISCOUNT PACKAGING SUPPLY INC SBA Loan Lender CONTINL NATIONAL BANK - MIAMI 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 424990 - Other Miscellaneous Nondurable Goods Merchant Wholesalers Loan Approval Date 9/22/2006 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $25,000. More Information on This SBA Loan The borrower, Discount Packaging Supply Inc, 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 6 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like Discount Packaging Supply Inc did when it applied for and received this $50,000 loan. Remember, if it to be, it is up to me! About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: SBA 7A Lenders in Miami, 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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