Business Loan from Internatl Bank - Miami Given to R & R Metals Inc And Steel Pro

Internatl Bank - Miami and the SBA work together to get business loans for growing small businesses. Here's an example of how a Florida entrepreneur was able to get a loan to take a small business to the next level.

Getting a small business loan in Miami, Florida was an essential business goal for R & R Metals Inc And Steel Pro back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Internatl Bank - Miami, operating out of Coral Gables, Florida. Here are the details on this Florida small business loan.

SBA Loan Borrower

R & R METALS INC AND STEEL PRO
3030/3060/3062 NW 75TH STREE
MIAMI, FL 33147

SBA Loan Lender

INTERNATL BANK - MIAMI
121 ALHAMBRA PLAZA
CORAL GABLES, FL 33134

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

332322 - Sheet Metal Work Manufacturing

Loan Approval Date

8/27/2001

Loan Approval Gross Amount

$597,000

Loan Approval from the SBA

Of the total $597,000 loan amount, the SBA guaranteed $447,750.

More Information on This SBA Loan

The borrower, R & R Metals Inc And Steel Pro, 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 17 employees. The SBA loan documents indicated that the loan would help generate 4 new jobs and retain 7 existing jobs. This loan was paid in full, and was closed out on 9/1/2004.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

If R & R Metals Inc And Steel Pro can get an SBA loan, there's no reason you can't get an SBA loan too. The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

About This SBA Loan Information:

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

Related Links:

Business Line of Credit

Best Coral Gables, Florida Banks for Small Business

SBA Lenders in Florida

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