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| Entrepreneur Resources | Ocean Bank Miami Business Loans | ||||
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Banks for Miami, Florida Business Owners
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Grocery and Related Products Wholesalers Small Business LoansLooking for small business loans for grocery and related products wholesalers? Talk to a banker who works with the SBA. This $205,000 grocery and related products wholesalers loan was issued by a Florida bank.
Dm Enterprises & Distributors received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Ocean Bank, out of Miami, Florida. The loan was granted and they received $205,000 to help grow their Miami, Florida business. SBA Loan Borrower DM ENTERPRISES & DISTRIBUTORS SBA Loan Lender OCEAN BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide commercial loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5149 - Groceries and Related Products, N.E.C. NAICS Code 422490 - Other Grocery and Related Products Wholesalers Loan Approval Date 4/4/2001 Loan Approval Gross Amount $205,000 Loan Approval from the SBA Of the total $205,000 loan amount, the SBA guaranteed $153,750. More Information on This SBA Loan The borrower, Dm Enterprises & Distributors, 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. This SBA loan request did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees. This loan was paid in full, and was closed out on 2/3/2005. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this Dm Enterprises & Distributors loan from Ocean 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: SBA 7A Lenders in Miami, Florida SBA Participating Banks 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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