Amer Express Centurion Bk Gives Small Business Loan to Soundvision
Want a Florida business loan? This Florida entrepreneur got a business loan, provided by an Utah bank that works with the SBA to help small business owners.
Getting a small business loan in Miami, Florida was a top priority for Soundvision back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Amer Express Centurion Bk. Here are the details on this Florida small business loan.
SBA Loan Borrower
SOUNDVISION
2905 NW 57TH STREET #5
MIAMI, FL 33142
SBA Loan Lender
AMER EXPRESS CENTURION BK
4315 S 2700 WEST, MC 01-04
SALT LAKE CITY, UT 84184
This loan for a small business was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
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
541512 - Computer Systems Design Services
Loan Approval Date
8/2/2004
Loan Approval Gross Amount
$10,000
Loan Approval from the SBA
Of the total $10,000 loan amount, the SBA guaranteed $5,000.
More Information on This SBA Loan
The borrower, Soundvision, borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 3 employees. The loan application indicated that the loan would help generate 1 new job and retain 3 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. Soundvision needed a loan. Amer Express Centurion Bk 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, Amer Express Centurion Bk made the loan. The end result was that Soundvision 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:
Obtaining Funding - How to Decide How Much to Raise
Best Banks in Salt Lake City, Utah
Find an SBA Lender in Utah
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