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| Entrepreneur Resources | Suntrust Bank Miami Business Loans | ||||
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SBA 7A Banks in Florida
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Consumer Goods Rental SBA LoansWith these SBA loans for consumer goods rental, the SBA guarantees the lender that the loan will be repaid. This consumer goods rental loan for $34,800 was given to a Florida entrepreneur in 2001.
Gabby Gator Company, Inc received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Suntrust Bank, out of Miami, Florida. The loan was granted and they received $34,800 to help grow their Miami, Florida business. SBA Loan Borrower GABBY GATOR COMPANY, INC SBA Loan Lender SUNTRUST BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7359 - Equipment Rental and Leasing, N.E.C. NAICS Code 532299 - All Other Consumer Goods Rental Loan Approval Date 1/8/2001 Loan Approval Gross Amount $34,800 Loan Approval from the SBA Of the total $34,800 loan amount, the SBA guaranteed $29,580. More Information on This SBA Loan The borrower, Gabby Gator Company, 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 SBA loan documents did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees. This loan was paid in full, and was closed out on 1/15/2002. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Suntrust Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: How Much Venture Capital Is There? SBA 7A Banks for Miami, Florida Loans Getting an SBA Loan in 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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