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| Entrepreneur Resources | California Bank & Trust Sacramento Business Loans | ||||
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What Does It Take to Get a Business Loan in Miami, Florida?
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Business Loans for FloristsLooking for business loans for florists? The SBA may be the answer. This $100,000 florists loan was issued by a California bank.
Getting a small business loan in Miami, Florida was important for Miami Gardens Florist, Inc back in 2005 and, based on their loan application, they were successful in getting an SBA loan from California Bank & Trust, operating out of Sacramento, California. Here are the details on this Florida small business loan. SBA Loan Borrower MIAMI GARDENS FLORIST, INC SBA Loan Lender CALIFORNIA BANK & TRUST This 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 453110 - Florists Loan Approval Date 8/18/2005 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $50,000. More Information on This SBA Loan The borrower, Miami Gardens Florist, Inc, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 7 employees. The SBA loan application for the borrower indicated that the loan would help generate 4 new jobs and retain 7 existing jobs. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as Miami Gardens Florist, Inc walked into California Bank & Trust and applied for an SBA loan, you have to do the same thing. The sooner you start, the faster you'll get the money! About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: SBA Banks in Sacramento, 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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