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| Entrepreneur Resources | Newtek Small Business Finance Inc. New York Business Loans | ||||
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Miami, Florida Bank Loan
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Financing for Paperboard MillsWith these commercial loans for paperboard mills, the SBA guarantees the lender that the loan will be repaid. This paperboard mills loan for $75,000 was given to a Florida entrepreneur in 2004.
Excel Converting Inc knew how to go about getting a business bank loan. Based in Miami, Florida, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Newtek Small Business Finance Inc., based in New York, New York. SBA Loan Borrower EXCEL CONVERTING INC SBA Loan Lender NEWTEK SMALL BUSINESS FINANCE INC. This lender processed this SBA small business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. 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 322130 - Paperboard Mills Loan Approval Date 2/10/2004 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $37,500. More Information on This SBA Loan The borrower, Excel Converting Inc, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help generate 1 new job and 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 Excel Converting Inc walked into Newtek Small Business Finance Inc. 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: How Much Venture Capital Is There? Best New York, New York Banks for Small Business 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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