How to Get a Loan for Technical and Trade Schools

With these business loans for technical and trade schools, the SBA guarantees the lender that the loan will be repaid. This technical and trade schools loan for $50,000 was given to a Florida entrepreneur in 2001.

Getting a small business loan in Miami, Florida was important for International Models, Inc. back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Ocean Bank, operating out of Miami, Florida. Here are the details on this Florida small business loan.

SBA Loan Borrower

INTERNATIONAL MODELS, INC.
8415 CORAL WAY # 205
MIAMI, FL 33155

SBA Loan Lender

OCEAN BANK
780 NW 42ND AVE
MIAMI, FL 33126

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

8299 - Schools and Educational Services, Not. Elsewhere.

NAICS Code

611519 - Other Technical and Trade Schools

Loan Approval Date

11/21/2001

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

More Information on This SBA Loan

The borrower, International Models, Inc., borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the company planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

This SBA loan was for $50,000. How would you spend $50,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at International Models, Inc., may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

About This SBA Loan Information:

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

Related Links:

Investor Turnoffs

Good Banks for Small Business in Miami, Florida

Florida SBA Bank Lenders

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