Business Loans for Perishable Prepared Food Manufacturing

Looking for business loans for perishable prepared food manufacturing? An SBA loan may be just what you've been looking for. This $1,795,900 perishable prepared food manufacturing loan was issued by an Alabama bank.

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

SBA Loan Borrower

LEASA INDUSTRIES CO., INC.
2450 NW 76 ST
MIAMI, FL 33147

SBA Loan Lender

REGIONS BANK
417 NORTH 20TH ST
BIRMINGHAM, AL 35203

This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2099 - Food Preparations, N.E.C.

NAICS Code

311991 - Perishable Prepared Food Manufacturing

Loan Approval Date

9/26/2001

Loan Approval Gross Amount

$1,795,900

Loan Approval from the SBA

Of the total $1,795,900 loan amount, the SBA guaranteed $999,993.

More Information on This SBA Loan

The borrower, Leasa Industries Co., Inc., 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 70 employees. The loan application did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

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 Leasa Industries Co., Inc. walked into Regions 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:

Equity Financing

Good Banks for Small Business in Birmingham, Alabama

Where to Get an SBA Loan Alabama

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