Expert Biomed, Inc. Gets a Florida Bank Loan
Business loans in Florida are hard to find these days. We take a look at one Florida business loan, provided by a Virginia bank, that was approved by the SBA.
Getting a small business loan in Miami, Florida was a top priority for Expert Biomed, Inc. back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Capital One. Here are the details on this Florida small business loan.
SBA Loan Borrower
EXPERT BIOMED, INC.
12550 BISCAYNE BLVD
MIAMI, FL 33181
SBA Loan Lender
CAPITAL ONE
1680 CAPITAL ONE DR
MCLEAN, VA 22102
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
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
541710 -
Loan Approval Date
8/15/2007
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, Expert Biomed, Inc., 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 4 employees. This SBA loan request indicated that the loan would help retain 4 existing jobs.
Getting an SBA Loan For Your Business
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Capital One and they will explain how you can get an SBA loan for your company.
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's SBA loan database.
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