Entrepreneur Works With Coral Gables, Florida Bank to Get an SBA Loan

Find Coral Gables, Florida banks that specialize in small business loans and know how to work with entrepreneurs. Bankunited, Fsb is one such bank, as evidenced by this SBA loan to Eplax Corporation.

Finding a small business loan in Miami, Florida starts with an understanding of who else has gotten loans in the area. In this case, Eplax Corporation received funding from Bankunited, Fsb Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

Eplax Corporation
1633 NW 79th Ave
MIAMI, FL 33126

SBA Loan Lender

BANKUNITED, FSB
255 ALHAMBRA CIR, 2ND FL
CORAL GABLES, FL 33134

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

423430 - Computer and Computer Peripheral Equipment and Software Merchant Wholesaler

Loan Approval Date

4/5/2007

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, Eplax Corporation, 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 9 employees. The loan application indicated that the loan would help retain 9 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. Eplax Corporation needed a loan. Bankunited, Fsb 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, Bankunited, Fsb made the loan. The end result was that Eplax Corporation 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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Alternative Financing

Who Lends Money to Small Businesses in Coral Gables, Florida

SBA Florida Banks

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