Tobacco and Tobacco Product Wholesalers Loans

Looking for loans for tobacco and tobacco product wholesalers? The SBA may be the answer. This $127,500 tobacco and tobacco product wholesalers loan was issued by a Florida bank.

Fgn Investments, 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 2002. The lending bank was Premier American Bank, based in Miami, Florida.

SBA Loan Borrower

FGN INVESTMENTS, INC.
1460 NW 107TH AVE
MIAMI, FL 33172

SBA Loan Lender

PREMIER AMERICAN BANK
5301 BLUE LAGOON DR
MIAMI, FL 33126

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

5194 - Tobacco and Tobacco Products

NAICS Code

422940 - Tobacco and Tobacco Product Wholesalers

Loan Approval Date

10/30/2002

Loan Approval Gross Amount

$127,500

Loan Approval from the SBA

Of the total $127,500 loan amount, the SBA guaranteed $108,375.

More Information on This SBA Loan

The borrower, Fgn Investments, Inc., borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The loan application did not indicate that the small business promised to use the money to add employees or retain any existing employees. This loan was paid in full, and was closed out on 5/23/2005.

Next Steps for Getting an SBA Loan

If you are raising money in Miami FL, you ought to talk with a local Miami SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Miami businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. If a firm like Fgn Investments, Inc. is able to get a $127,500 loan, why not give getting an SBA loan of your own a try?

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

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