Global Electronic Millenium Co Gets a Florida SBA Loan
Business loans in Florida are are few and far betweeen these days. We take a look at one Florida business loan, provided by a New York bank, that was approved by the SBA.
You can learn something about getting a small business loan in Miami, Florida by studying this loan to Global Electronic Millenium Co, made back in 2006. Banks like Banco Popular North America may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
GLOBAL ELECTRONIC MILLENIUM CO
5566 NW 79TH AVE
MIAMI, FL 33166
SBA Loan Lender
BANCO POPULAR NORTH AMERICA
7 W 51ST ST, BETWEEN 5TH & 6T
NEW YORK CITY, NY 10019
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
443130 - Camera and Photographic Supplies Stores
Loan Approval Date
11/3/2006
Loan Approval Gross Amount
$100,000
Loan Approval from the SBA
Of the total $100,000 loan amount, the SBA guaranteed $50,000.
More Information on This SBA Loan
The borrower, Global Electronic Millenium Co, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 5 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 6 existing jobs.
Getting an SBA Loan For Your Business
SBA loans provide smart, affordable business financing for small businesses looking to expand.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Banco Popular North America and they will explain how you can get an SBA loan for your company.
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's SBA loan database.
Related Links:
Family and Friend Investors - Your First Financiers
Best Banks for Small Business in New York City, New York
Browse All Business Loan Sources for New York
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.