Miami, Florida Lender Lends Money to Neighbors Supermarket

Get small business loans from a Miami, Florida bank that knows how to treat small business owners right! If Neighbors Supermarket can get a loan, there's no reason you can't do it too.

Ocean Bank is a Miami, Florida small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to Neighbors Supermarket a Florida company.

SBA Loan Borrower

NEIGHBORS SUPERMARKET
14372 SW 18TH ST
MIAMI, FL 33175

SBA Loan Lender

OCEAN BANK
780 NW 42ND AVE
MIAMI, FL 33126

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide business loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445110 - Supermarkets and Other Grocery (except Convenience) Stores

Loan Approval Date

8/10/2006

Loan Approval Gross Amount

$750,000

Loan Approval from the SBA

Of the total $750,000 loan amount, the SBA guaranteed $562,500.

More Information on This SBA Loan

The borrower, Neighbors Supermarket, borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

This SBA loan was for $750,000. How would you spend $750,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at Neighbors Supermarket, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

About This SBA Loan Information:

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

Related Links:

Obtaining Funding - How to Borrow Money

Good Banks for Small Business in Miami, Florida

SBA Lenders in Florida

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