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| Entrepreneur Resources | Comerica Bank Dallas Business Loans | ||||
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SBA Lenders for Miami Businesses
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Comerica Bank Gives Bank Loan to La Victoria Distributor IncWant a Florida bank loan? This Florida entrepreneur got a bank loan, provided by a Texas bank that works with the SBA to help small business owners.
By giving the right information to Comerica Bank, this Miami, Florida business was able to get an SBA loan. To get this loan, La Victoria Distributor Inc gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower LA VICTORIA DISTRIBUTOR INC SBA Loan Lender COMERICA BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 311811 - Retail Bakeries Loan Approval Date 9/20/2004 Loan Approval Gross Amount $1,192,000 Loan Approval from the SBA Of the total $1,192,000 loan amount, the SBA guaranteed $894,000. More Information on This SBA Loan The borrower, La Victoria Distributor 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 20 employees. The SBA loan application for the borrower indicated that the loan would help generate 8 new jobs and retain 28 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. If La Victoria Distributor Inc can get an SBA loan, there's no reason you can't get an SBA loan too. The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Obtaining Funding - Getting Venture Capital Small Business Banks in Dallas, Texas Browse All Business Loan Sources for Texas 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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