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| Entrepreneur Resources | Regions Bank Memphis Business Loans | ||||
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Miami, Florida Bank for SBA Loans
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Business Loans for Apparel Accessories and Apparel ManufacturingWith these business loans for apparel accessories and apparel manufacturing, the SBA guarantees the lender that the loan will be repaid. This apparel accessories and apparel manufacturing loan for $150,000 was given to a Florida entrepreneur in 2001.
Getting a small business loan in Miami, Florida was important for Picasso Embroidery System Inc back in 2001 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 PICASSO EMBROIDERY SYSTEM INC SBA Loan Lender REGIONS BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 315999 - Other Apparel Accessories and Other Apparel Manufacturing Loan Approval Date 4/17/2001 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $75,000. More Information on This SBA Loan The borrower, Picasso Embroidery System Inc, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 11 employees. This SBA loan request indicated that the loan would help retain 11 existing jobs. This loan was paid in full, and was closed out on 6/30/2006. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Regions Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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 Small Business Banks in Memphis, Tennessee 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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