Regions Bank SBA Loan to Time And Watches Inc

Regions Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a Florida entrepreneur was able to get a loan to take a small business to the next level.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Miami, Florida was able to borrow $100,250 from Regions Bank. The SBA made the loan possible by guaranteeing $50,125 of this Florida small business loan.

SBA Loan Borrower

TIME AND WATCHES INC
261 NE 1ST STREET SUITE 500
MIAMI, FL 33111

SBA Loan Lender

REGIONS BANK
6200 POPLAR AVE
MEMPHIS, TN 38119

The lender provided this SBA small business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

421940 - Jewelry, Watch, Precious Stone, and Precious Metal Wholesalers

Loan Approval Date

5/22/2002

Loan Approval Gross Amount

$100,250

Loan Approval from the SBA

Of the total $100,250 loan amount, the SBA guaranteed $50,125.

More Information on This SBA Loan

The borrower, Time And Watches 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 11 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 11 existing jobs.

Next Steps for Getting an SBA Loan

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

This SBA loan was for $100,250. How would you spend $100,250 on your business? If you apply for an SBA loan, you, like the entrepreneurs at Time And Watches Inc, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

About This SBA Loan Information:

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

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