SBA Loan from Bankunited, Fsb Helps The Reuben Heit Co., Inc.
An SBA loan from Bankunited, Fsb typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Miami, Florida business owner got a $300,000 loan.
Getting a small business loan in Miami, Florida was an essential business goal for The Reuben Heit Co., Inc. back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Bankunited, Fsb, operating out of Coral Gables, Florida. Here are the details on this Florida small business loan.
SBA Loan Borrower
THE REUBEN HEIT CO., INC.
3241 SW 8TH STREET
MIAMI, FL 33135
SBA Loan Lender
BANKUNITED, FSB
255 ALHAMBRA CIR, 2ND FL
CORAL GABLES, FL 33134
This lender processed this commercial loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.
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
323112 - Commercial Flexographic Printing
Loan Approval Date
3/31/2005
Loan Approval Gross Amount
$300,000
Loan Approval from the SBA
Of the total $300,000 loan amount, the SBA guaranteed $150,000.
More Information on This SBA Loan
The borrower, The Reuben Heit Co., Inc., borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 2 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.
SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as The Reuben Heit Co., Inc. walked into Bankunited, Fsb and applied for an SBA loan, you have to do the same thing. The sooner you start, the faster you'll get the money!
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's SBA loan database.
Related Links:
Choosing VC Firms
SBA Banks in Coral Gables, Florida
Florida SBA 7A Banks
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