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| Entrepreneur Resources | Continl National Bank - Miami Miami Business Loans | ||||
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Florida SBA Lenders
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Miami, Florida Bank Lends Money to Hurricane Transport Inc in Miami, FloridaWant to talk with a Miami, Florida bank about an SBA loan? Here's one Florida business loan, issued by a Miami bank, that was approved by the SBA.
Applying for an SBA loan with Continl National Bank - Miami worked out well for our friends at Hurricane Transport Inc in Miami, Florida. They got an SBA loan for $25,000. Awesome! SBA Loan Borrower HURRICANE TRANSPORT INC SBA Loan Lender CONTINL NATIONAL BANK - MIAMI 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 488999 - All Other Support Activities for Transportation Loan Approval Date 1/31/2006 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $12,500. More Information on This SBA Loan The borrower, Hurricane Transport Inc, borrowed this money for a new 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 4 employees. The loan application indicated that the loan would help generate 1 new job and retain 4 existing jobs. Next Steps for Getting an SBA Loan 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. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as Hurricane Transport Inc walked into Continl National Bank - Miami and applied for an SBA loan, you have to do the same thing. The sooner you start, the faster you'll get the money! About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Obtaining Funding - Getting Venture Capital 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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