Get an SBA Loan for Business Support Services
Looking for loans for business support services? The SBA may be the answer. This $510,000 business support services loan was issued by a California bank.
M & F Medical Billing Technolo received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with California Bank & Trust, out of Sacramento, California. The loan was granted and they received $510,000 to help grow their Miami, Florida business.
SBA Loan Borrower
M & F MEDICAL BILLING TECHNOLO
6494 CORAL WAY
MIAMI, FL 33156
SBA Loan Lender
CALIFORNIA BANK & TRUST
2399 GATEWAY OAKS DR, STE 110
SACRAMENTO, CA 95833
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
561499 - All Other Business Support Services
Loan Approval Date
8/31/2005
Loan Approval Gross Amount
$510,000
Loan Approval from the SBA
Of the total $510,000 loan amount, the SBA guaranteed $382,500.
More Information on This SBA Loan
The borrower, M & F Medical Billing Technolo, 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 5 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 5 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
If you are raising money 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.
M & F Medical Billing Technolo got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's SBA loan database.
Related Links:
Small Business Loan
SBA Approved Banks in Sacramento, California
Getting an SBA Loan in California
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