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| Entrepreneur Resources | Citibank San Francisco Business Loans | ||||
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California Bank SBA Loans
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San Francisco, California Lender Lends Money to Magic City Cigars IncThinking about meeting with a San Francisco, California bank about a business loan? Here's one Florida business loan, issued by a San Francisco bank, that was approved by the SBA.
Applying for an SBA loan with Citibank worked out well for our friends at Magic City Cigars Inc in Miami, Florida. They received an SBA loan for $60,000. Great job! SBA Loan Borrower MAGIC CITY CIGARS INC SBA Loan Lender CITIBANK This small business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. 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 424940 - Tobacco and Tobacco Product Merchant Wholesalers Loan Approval Date 7/11/2006 Loan Approval Gross Amount $60,000 Loan Approval from the SBA Of the total $60,000 loan amount, the SBA guaranteed $30,000. More Information on This SBA Loan The borrower, Magic City Cigars Inc, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help retain 2 existing jobs. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this Magic City Cigars Inc loan from Citibank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Role of Business Plan When Raising Money SBA Approved Banks in San Francisco, California 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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