Homestead, Florida Bank Gives SBA Loan to Fx Enterprises, Inc.

A Homestead, Florida SBA loan can be yours. Learn how Fx Enterprises, Inc. got a $630,000 business loan from this Florida bank.

This loan to Fx Enterprises, Inc. is a good example of an SBA loan. Community Bank Of Florida made the loan and the SBA guaranteed a portion of the loan. Many other Florida entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.

SBA Loan Borrower

FX ENTERPRISES, INC.
18040 S. DIXIE HIGHWAY
MIAMI, FL 33157

SBA Loan Lender

COMMUNITY BANK OF FLORIDA
28801 SW 157TH AVE
HOMESTEAD, FL 33030

This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5999 - Miscellaneous Retail Stores, N.E.C.

NAICS Code

453998 - All Other Miscellaneous Store Retailers (except Tobacco Stores)

Loan Approval Date

7/29/2003

Loan Approval Gross Amount

$630,000

Loan Approval from the SBA

Of the total $630,000 loan amount, the SBA guaranteed $472,500.

More Information on This SBA Loan

The borrower, Fx Enterprises, 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 2 employees. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees. This loan was paid in full, and was closed out on 3/30/2007.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

If Fx Enterprises, Inc. can get an SBA loan, there's no reason you can't get an SBA loan too. The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

About This SBA Loan Information:

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

Related Links:

Financing Your Business

SBA Participating Banks in Homestead, Florida

Florida SBA 7A Banks

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