Ocean Bank SBA Loan to Raul A. Rodriguez, D.C., P.A.

Ocean Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Florida entrepreneur who tapped into the power of SBA loans.

Raul A. Rodriguez, D.C., P.A. received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Ocean Bank, out of Miami, Florida. The loan was granted and they received $200,000 to help grow their Miami, Florida business.

SBA Loan Borrower

RAUL A. RODRIGUEZ, D.C., P.A.
3900 NW 79 AVE, SUITE 100
MIAMI, FL 33166

SBA Loan Lender

OCEAN BANK
780 NW 42ND AVE
MIAMI, FL 33126

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide debt financing to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8041 - Offices and Clinics of Chiropractors

NAICS Code

621310 - Offices of Chiropractors

Loan Approval Date

7/19/2002

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

More Information on This SBA Loan

The borrower, Raul A. Rodriguez, D.C., P.A., borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 7 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

We've showcased information on this loan to Raul A. Rodriguez, D.C., P.A. to let you know that businesses like yours can get an SBA loan.

About This SBA Loan Information:

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

Related Links:

Understanding Dilution

Who Lends Money to Small Businesses in Miami, Florida

Florida SBA 7A Banks

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