Electrical Contractors and other Wiring Installation Contractors Bank Loans

With these bank loans for electrical contractors and other wiring installation contractors, the SBA guarantees the lender that the loan will be repaid. This electrical contractors and other wiring installation contractors loan for $25,000 was given to a Florida entrepreneur in 2007.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Miami, Florida was able to borrow $25,000 from Capital One. The SBA made the loan possible by guaranteeing $12,500 of this Florida small business loan.

SBA Loan Borrower

INTERNATIONAL SALES OF MIAMI
13391 SW 50TH STREET
MIAMI, FL 33175

SBA Loan Lender

CAPITAL ONE
1680 CAPITAL ONE DR
MCLEAN, VA 22102

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

238210 - Electrical Contractors and other Wiring Installation Contractors

Loan Approval Date

11/1/2007

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, International Sales Of Miami, borrowed this money for an existing 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 2 employees. The loan application indicated that the loan would help retain 2 existing jobs.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan to International Sales Of Miami shows that any business with ambition and the right qualifications can get an SBA loan.

About This SBA Loan Information:

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

Related Links:

Small Business Credit Cards

Small Business Banks in Mclean, Virginia

Getting a Business Loan in Virginia

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