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| Entrepreneur Resources | 1st United Bank Boca Raton Business Loans | ||||
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Miami, Florida Bank for SBA Loans
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Florida SBA Loan Issued to Jademar CorporationSearching for a Florida SBA loan? This Florida entrepreneur got an SBA loan, provided by a Florida bank that works with the SBA to help small business owners.
Getting a small business loan in Miami, Florida was a top priority for Jademar Corporation back in 2004 and, based on their loan application, they were successful in getting an SBA loan from 1st United Bank. Here are the details on this Florida small business loan. SBA Loan Borrower JADEMAR CORPORATION SBA Loan Lender 1ST UNITED BANK 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 423610 - Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Loan Approval Date 10/22/2004 Loan Approval Gross Amount $250,000 Loan Approval from the SBA Of the total $250,000 loan amount, the SBA guaranteed $187,500. More Information on This SBA Loan The borrower, Jademar Corporation, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 13 employees. The SBA loan documents indicated that the loan would help retain 13 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. 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 Jademar Corporation walked into 1st United Bank 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: SBA Banks in Boca Raton, 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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