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| Entrepreneur Resources | Capital One Mclean Business Loans | ||||
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SBA Lender Mclean
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Mclean, Virginia Lender Lends Money to Edge Miami, Inc.Want to talk with a Mclean, Virginia bank about an SBA loan? Here's one Florida business loan, issued by a Mclean bank, that was approved by the SBA.
Applying for an SBA loan with Capital One worked out well for our friends at Edge Miami, Inc. in Miami, Florida. The business was able to get an SBA loan for $50,000. Way to go! SBA Loan Borrower EDGE MIAMI, INC. SBA Loan Lender CAPITAL ONE The lender provided this SBA 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 541890 - Other Services Related to Advertising Loan Approval Date 6/20/2006 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, Edge Miami, 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 3 employees. The SBA loan documents indicated that the loan would help retain 3 existing jobs. Great, But How Can I Get an SBA Loan for My 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. 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 Edge Miami, Inc. walked into Capital One 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. Related Links: Microlending as a Small Business Funding Source Good Banks for Small Business in Mclean, Virginia 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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