Entrepreneur Works With Las Vegas, Nevada Bank to Get an SBA Loan

Thinking about meeting with a Las Vegas, Nevada bank about an SBA loan? Here's one Florida business loan, issued by a Las Vegas bank, that was approved by the SBA.

Applying for an SBA loan with Citibank worked out well for our friends at Dolce Vita At Macy's Flagler in Miami, Florida. They received an SBA loan for $50,000. Nice!

SBA Loan Borrower

DOLCE VITA AT MACY'S FLAGLER
22 EAST FLAGLER STREET 3RD F
MIAMI, FL 33131

SBA Loan Lender

CITIBANK
3900 PARADISE RD, STE 127
LAS VEGAS, NV 89109

The lender provided this SBA bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

722211 - Limited-Service Restaurants

Loan Approval Date

1/16/2008

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, Dolce Vita At Macy's Flagler, 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 7 employees. The SBA loan application for the borrower indicated that the loan would help retain 7 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. Dolce Vita At Macy's Flagler needed a loan. Citibank probably wouldn't have granted the loan based on the merits of the company, but with the SBA stepping up and agreeing to guarantee part of the loan, Citibank made the loan. The end result was that Dolce Vita At Macy's Flagler was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

About This SBA Loan Information:

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

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