Business Loan from Comvest Export Finan Company I Given to Traatek, Inc.
Comvest Export Finan Company I has a track record as a leading provider of SBA loans. Find out how this Florida entrepreneur received an SBA loan from them.
Traatek, Inc. received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Comvest Export Finan Company I, out of Clarksburg, West Virginia. The loan was granted and they received $200,000 to help grow their Miami, Florida business.
SBA Loan Borrower
TRAATEK, INC.
3785 NW 82 AVE
MIAMI, FL 33166
SBA Loan Lender
COMVEST EXPORT FINAN COMPANY I
P. O. BOX 2025
CLARKSBURG, WV 26302
The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide commercial loans to to our country's hard-working small business owners.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5047 - Medical, Dental and Hospital Equipment and Supplie
NAICS Code
421450 - Medical, Dental, and Hospital Equipment and Supplies Wholesalers
Loan Approval Date
6/26/2001
Loan Approval Gross Amount
$200,000
Loan Approval from the SBA
Of the total $200,000 loan amount, the SBA guaranteed $180,000.
More Information on This SBA Loan
The borrower, Traatek, Inc., 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 10 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees. This loan was paid in full, and was closed out on 5/22/2002.
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.
The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. Traatek, Inc. needed a loan. Comvest Export Finan Company I 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, Comvest Export Finan Company I made the loan. The end result was that Traatek, Inc. 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:
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Small Business Banks in Clarksburg, West Virginia
Find an SBA Lender in West Virginia
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