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| Entrepreneur Resources | Sun American Bank Boca Raton Business Loans | ||||
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FL SBA Loan from Sun American Bank
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Miami, Florida Business Gets SBA-Guaranteed Funding from Sun American BankAn SBA loan from Sun American Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Miami, Florida business owner got a $500,000 loan.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Miami, Florida was able to borrow $500,000 from Sun American Bank. The SBA made the loan possible by guaranteeing $450,000 of this Florida small business loan. SBA Loan Borrower FASTCOL, INC. SBA Loan Lender SUN AMERICAN BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5199 - Nondurable Goods, N.E.C. NAICS Code 422990 - Other Miscellaneous Nondurable Goods Wholesalers Loan Approval Date 9/28/2001 Loan Approval Gross Amount $500,000 Loan Approval from the SBA Of the total $500,000 loan amount, the SBA guaranteed $450,000. More Information on This SBA Loan The borrower, Fastcol, Inc., borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 30 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees. This loan was paid in full, and was closed out on 12/31/2002. Great, But How Can I Get an SBA Loan for My Business? SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. Your solution for where to find money to start a business may be an SBA guaranteed loan. Fastcol, Inc. recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Banking Deregulation's Effects on Entrepreneurship SBA Approved Banks in Boca Raton, Florida 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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