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What Does It Take to Get a Business Loan in Miami, Florida?

 

 
Gaebler Ventures is a business incubator, holding company, and private equity firm. We help entrepreneurs transform ideas and innovations into greatness.

Where to Get Capital for Motion Picture and Video Production

With these small business loans for motion picture and video production, the SBA guarantees the lender that the loan will be repaid. This motion picture and video production loan for $43,000 was given to a Florida entrepreneur in 2002.

Getting a small business loan in Miami, Florida was important for Mirikesh Inc back in 2002 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

MIRIKESH INC
3151 SHERIDAN AVENUE
MIAMI, FL 33140

SBA Loan Lender

CALIFORNIA BANK & TRUST
2399 GATEWAY OAKS DR, STE 110
SACRAMENTO, CA 95833

This lender processed this SBA bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

512110 - Motion Picture and Video Production

Loan Approval Date

10/25/2002

Loan Approval Gross Amount

$43,000

Loan Approval from the SBA

Of the total $43,000 loan amount, the SBA guaranteed $21,500.

More Information on This SBA Loan

The borrower, Mirikesh Inc, 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 2 employees. The loan application indicated that the loan would help generate 1 new job and retain 2 existing jobs. This loan was paid in full, and was closed out on 9/19/2005.

Next Steps for Getting an SBA Loan

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.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. If a firm like Mirikesh Inc is able to get a $43,000 loan, why not give getting an SBA loan of your own a try?

About This SBA Loan Information:

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

Related Links:

Raising VC Money for Social Networking Companies

Find an SBA Lender in Sacramento, California

California SBA 7A Lenders

 

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