Florida SBA Loan Issued to Edgard M Cespedes Md Pa

Bank loans in Florida are hard to find these days. We take a look at one Florida bank loan, provided by a California bank, that was approved by the SBA.

Getting a small business loan in Miami, Florida was a top priority for Edgard M Cespedes Md Pa back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Temecula Valley Bank. Here are the details on this Florida small business loan.

SBA Loan Borrower

EDGARD M CESPEDES MD PA
11160 SW 88TH STREET
MIAMI, FL 33176

SBA Loan Lender

TEMECULA VALLEY BANK
27710 JEFFERSON AVE, A-100
TEMECULA, CA 92590

This lender provides SBA guaranteed bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621111 - Offices of Physicians (except Mental Health Specialists)

Loan Approval Date

1/27/2003

Loan Approval Gross Amount

$373,000

Loan Approval from the SBA

Of the total $373,000 loan amount, the SBA guaranteed $279,750.

More Information on This SBA Loan

The borrower, Edgard M Cespedes Md Pa, 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 5 employees. This SBA loan request indicated that the loan would help retain 5 existing jobs. This loan was paid in full, and was closed out on 8/31/2006.

Great, But How Can I Get an SBA Loan for My Business?

Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as Edgard M Cespedes Md Pa walked into Temecula Valley Bank and applied for an SBA loan, you have to do the same thing. The sooner you start, the faster you'll get the money!

About This SBA Loan Information:

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

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