Citibank Gives Bank Loan to South Beach Nation Inc
Business loans in Florida are are few and far betweeen these days. We take a look at one Florida business loan, provided by a Nevada bank, that was approved by the SBA.
You can learn something about getting a small business loan in Miami, Florida by studying this loan to South Beach Nation Inc, made back in 2007. Banks like Citibank may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
SOUTH BEACH NATION INC
19305 SOUTHWEST 79TH CRT
MIAMI, FL 33157
SBA Loan Lender
CITIBANK
3900 PARADISE RD, STE 127
LAS VEGAS, NV 89109
This commercial loan 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
424330 - Women's, Children's, and Infants' Clothing and Accessories Merchant Wholesa
Loan Approval Date
7/17/2007
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, South Beach Nation 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 only one employee. The SBA loan documents indicated that the loan would help generate 1 new job and retain 1 existing job.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans provide smart, affordable business financing for small businesses looking to expand.
We've showcased information on this loan to South Beach Nation Inc 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:
Microlending as a Small Business Funding Source
Small Bank Loans in Las Vegas, Nevada
Nevada SBA Banks
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