Coral Gables, Florida Bank Lends Money to Hyundai Fashion Corporation Jo in Miami, Florida

Get business loans from a Coral Gables, Florida bank that knows how to treat small business owners right! If Hyundai Fashion Corporation Jo can get a loan, there's no reason you can't do it too.

Internatl Bank - Miami is a Coral Gables, Florida small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to Hyundai Fashion Corporation Jo a Florida company.

SBA Loan Borrower

HYUNDAI FASHION CORPORATION JO
1901 NW 20TH STREET
MIAMI, FL 33142

SBA Loan Lender

INTERNATL BANK - MIAMI
121 ALHAMBRA PLAZA
CORAL GABLES, FL 33134

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

448120 - Women's Clothing Stores

Loan Approval Date

7/16/2002

Loan Approval Gross Amount

$512,000

Loan Approval from the SBA

Of the total $512,000 loan amount, the SBA guaranteed $384,000.

More Information on This SBA Loan

The borrower, Hyundai Fashion Corporation Jo, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. This SBA loan request indicated that the loan would help retain 4 existing jobs. This loan was paid in full, and was closed out on 8/30/2007.

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

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

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 Internatl Bank - Miami 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.

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