Retail Bakeries Business Loans

With these business loans for retail bakeries, the SBA guarantees the lender that the loan will be repaid. This retail bakeries loan for $31,000 was given to a Florida entrepreneur in 2003.

Sunshine Donuts Corporation received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Transatlantic Bank, out of Miami, Florida. The loan was granted and they received $31,000 to help grow their Miami, Florida business.

SBA Loan Borrower

SUNSHINE DONUTS CORPORATION
701 SW 27TH AVENUE
MIAMI, FL 33135

SBA Loan Lender

TRANSATLANTIC BANK
102 NW 37TH AVE
MIAMI, FL 33126

This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5461 - Retail Bakeries

NAICS Code

311811 - Retail Bakeries

Loan Approval Date

2/5/2003

Loan Approval Gross Amount

$31,000

Loan Approval from the SBA

Of the total $31,000 loan amount, the SBA guaranteed $26,350.

More Information on This SBA Loan

The borrower, Sunshine Donuts Corporation, borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees.

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.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Transatlantic Bank and they will explain how you can get an SBA loan for your company.

About This SBA Loan Information:

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

Related Links:

Accountant's Role in Securing Financing

Where to Get an SBA Loan in Miami, Florida

Florida SBA 7A Lenders

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