First Priority Bank SBA Loan to Mia Export Interoceanic Mercha
An SBA loan from First Priority Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Miami, Florida business owner got a $250,000 loan.
Mia Export Interoceanic Mercha knew how to go about getting a business bank loan. Based in Miami, Florida, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was First Priority Bank, based in Bradenton, Florida.
SBA Loan Borrower
MIA EXPORT INTEROCEANIC MERCHA
1880 NW 93RD AVENUE
MIAMI, FL 33172
SBA Loan Lender
FIRST PRIORITY BANK
4702 CORTEZ RD WEST
BRADENTON, FL 34210
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
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
423910 - Sporting and Recreational Goods and Supplies Merchant Wholesalers
Loan Approval Date
9/13/2004
Loan Approval Gross Amount
$250,000
Loan Approval from the SBA
Of the total $250,000 loan amount, the SBA guaranteed $187,500.
More Information on This SBA Loan
The borrower, Mia Export Interoceanic Mercha, borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 8 employees. The loan application indicated that the borrowed money would help generate 2 new jobs.
Great, But How Can I Get an SBA Loan for My Business?
If you are wondering how to raise money for a company 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.
We've showcased information on this loan to Mia Export Interoceanic Mercha to let you know that businesses like yours can get an SBA loan.
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's SBA loan database.
Related Links:
Financing Your Business
SBA 7A Banks for Bradenton, Florida Loans
Getting an SBA Loan in Florida
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