Miami, Florida Entrepreneur Gets a Business Loan

Looking to get a Florida business loan? This Florida entrepreneur got a business 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 Leno Transportation, Inc. back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Ocean Bank. Here are the details on this Florida small business loan.

SBA Loan Borrower

LENO TRANSPORTATION, INC.
6600 NW 27TH AVE. #119
MIAMI, FL 33147

SBA Loan Lender

OCEAN BANK
780 NW 42ND AVE
MIAMI, FL 33126

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA small business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4212 - Local Trucking Without Storage

NAICS Code

484110 - General Freight Trucking, Local

Loan Approval Date

5/29/2003

Loan Approval Gross Amount

$570,900

Loan Approval from the SBA

Of the total $570,900 loan amount, the SBA guaranteed $428,175.

More Information on This SBA Loan

The borrower, Leno Transportation, Inc., borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 19 employees. The loan application did not indicate that the company planned to use the money to hire new employees or retain any existing employees.

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

If you want money for new small business in Miami FL, you ought to talk with a local Miami SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Miami businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. Leno Transportation, Inc. recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

About This SBA Loan Information:

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

Related Links:

Bank Credit Lines

SBA Banks in Miami, Florida

SBA Florida Lenders

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