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| Entrepreneur Resources | California Bank & Trust Sacramento Business Loans | ||||
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Getting Commercial Loans in Miami, Florida
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Perricone's Marketplace Gets a Florida Small Business LoanFlorida business loans are available to Florida business owners through the SBA. In this case, a California bank provides the loan.
By giving the right information to California Bank & Trust, this Miami, Florida business was able to get an SBA loan. To get this loan, Perricone's Marketplace gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower PERRICONE'S MARKETPLACE SBA Loan Lender CALIFORNIA BANK & TRUST This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 8/5/2002 Loan Approval Gross Amount $2,000,000 Loan Approval from the SBA Of the total $2,000,000 loan amount, the SBA guaranteed $1,000,000. More Information on This SBA Loan The borrower, Perricone's Marketplace, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 88 employees. The SBA loan application for the borrower indicated that the loan would help retain 88 existing jobs. This loan was paid in full, and was closed out on 9/30/2005. Getting an SBA Loan For Your Business SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. Perricone's Marketplace needed a loan. California Bank & Trust probably wouldn't have granted the loan based on the merits of the company, but with the SBA stepping up and agreeing to guarantee part of the loan, California Bank & Trust made the loan. The end result was that Perricone's Marketplace was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Best Banks in Sacramento, California Getting an SBA Loan in 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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