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| Entrepreneur Resources | Amer Express Centurion Bk Salt Lake City Business Loans | ||||
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Miami SBA Loans
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Miami, Florida Entrepreneur Gets an SBA LoanBank loans in Florida are are few and far betweeen these days. We take a look at one Florida bank loan, provided by an Utah bank, that was approved by the SBA.
By giving the right information to Amer Express Centurion Bk, this Miami, Florida business was able to get an SBA loan. To get this loan, Prime Rate Lending Group Inc 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 PRIME RATE LENDING GROUP INC SBA Loan Lender AMER EXPRESS CENTURION BK The lender provided this small business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 522310 - Mortgage and Nonmortgage Loan Brokers Loan Approval Date 7/11/2003 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $12,500. More Information on This SBA Loan The borrower, Prime Rate Lending Group Inc, borrowed this money for an existing business. The SBA's record indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 7 employees. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 12 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as Prime Rate Lending Group Inc walked into Amer Express Centurion Bk and applied for an SBA loan, you have to do the same thing. The sooner you start, the faster you'll get the money! About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: Small Business Banks in Salt Lake City, Utah Getting a Business Loan in Utah 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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