Raising Money for Fine Arts Schools

With these business loans for fine arts schools, the SBA guarantees the lender that the loan will be repaid. This fine arts schools loan for $22,320 was given to a Florida entrepreneur in 2004.

Just Kiddin' Around, Inc. knew how to go about getting a business bank loan. Based in Miami, Florida, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Community Bank Of Florida, based in Miami, Florida.

SBA Loan Borrower

JUST KIDDIN' AROUND, INC.
12229 SW 112TH STREET
MIAMI, FL 33186

SBA Loan Lender

COMMUNITY BANK OF FLORIDA
19900 SW 177 AVE
MIAMI, FL 33187

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.

NAICS Code

611610 - Fine Arts Schools

Loan Approval Date

9/28/2004

Loan Approval Gross Amount

$22,320

Loan Approval from the SBA

Of the total $22,320 loan amount, the SBA guaranteed $18,972.

More Information on This SBA Loan

The borrower, Just Kiddin' Around, Inc., borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees.

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

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like Just Kiddin' Around, Inc. did when it applied for and received this $22,320 loan. Remember, feel the fear, and do it anyway.

About This SBA Loan Information:

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

Related Links:

The Friends and Family Network

Small Business Banks in Miami, Florida

Find an SBA Lender in Florida

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