Get an SBA Loan for Pharmaceutical Preparation Manufacturing

With these small business loans for pharmaceutical preparation manufacturing, the SBA guarantees the lender that the loan will be repaid. This pharmaceutical preparation manufacturing loan for $225,000 was given to a Florida entrepreneur in 2003.

Getting a small business loan in Miami, Florida was important for Otc Pharamaceutical Products back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Regions Bank, operating out of Memphis, Tennessee. Here are the details on this Florida small business loan.

SBA Loan Borrower

OTC PHARAMACEUTICAL PRODUCTS
10022 NW 19TH STREET BAY # 5
MIAMI, FL 33172

SBA Loan Lender

REGIONS BANK
6200 POPLAR AVE
MEMPHIS, TN 38119

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

325412 - Pharmaceutical Preparation Manufacturing

Loan Approval Date

11/7/2003

Loan Approval Gross Amount

$225,000

Loan Approval from the SBA

Of the total $225,000 loan amount, the SBA guaranteed $168,750.

More Information on This SBA Loan

The borrower, Otc Pharamaceutical Products, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 8 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 8 existing jobs. This loan was paid in full, and was closed out on 11/23/2006.

Getting an SBA Loan For Your Business

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

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Regions Bank and they will explain how you can get an SBA loan for your company.

About This SBA Loan Information:

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

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