Bank Loans for Electronic Parts and Equipment Merchant Wholesalers

With these bank loans for electronic parts and equipment merchant wholesalers, the SBA guarantees the lender that the loan will be repaid. This electronic parts and equipment merchant wholesalers loan for $12,500 was given to a Florida entrepreneur in 2003.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Miami, Florida was able to borrow $12,500 from Bank Of America. The SBA made the loan possible by guaranteeing $6,250 of this Florida small business loan.

SBA Loan Borrower

LOGICELL
8601 NW 72ND STREET
MIAMI, FL 33166

SBA Loan Lender

BANK OF AMERICA
111 WESTMINSTER ST
PROVIDENCE, RI 02903

The lender provided this commercial loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

423690 - Other Electronic Parts and Equipment Merchant Wholesalers

Loan Approval Date

6/20/2003

Loan Approval Gross Amount

$12,500

Loan Approval from the SBA

Of the total $12,500 loan amount, the SBA guaranteed $6,250.

More Information on This SBA Loan

The borrower, Logicell, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The loan application indicated that the loan would help retain 5 existing jobs. This loan was paid in full, and was closed out on 2/26/2008.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

We can help you find the best banks for small businesses in Miami or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

About This SBA Loan Information:

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

Related Links:

Debt Financing

Small Business Banks in Providence, Rhode Island

Rhode Island SBA 7A Lenders

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