Borrowing Money for Confectionery and Nut Stores

Looking for loans for confectionery and nut stores? An SBA loan may be just what you've been looking for. This $100,500 confectionery and nut stores loan was issued by a Florida bank.

Getting a small business loan in Miami Beach, Florida was important for Sweet Dreams Candies back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Northern Trust, operating out of Miami, Florida. Here are the details on this Florida small business loan.

SBA Loan Borrower

SWEET DREAMS CANDIES
845 LINCOLN ROAD
MIAMI BEACH, FL 33139

SBA Loan Lender

NORTHERN TRUST
700 BRICKELL AVE
MIAMI, FL 33131

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide small business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5441 - Candy, Nut, and Confectionery Stores

NAICS Code

445292 - Confectionery and Nut Stores

Loan Approval Date

7/31/2003

Loan Approval Gross Amount

$100,500

Loan Approval from the SBA

Of the total $100,500 loan amount, the SBA guaranteed $85,425.

More Information on This SBA Loan

The borrower, Sweet Dreams Candies, borrowed this money for a new 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 3 employees. This SBA loan request did not indicate that the SBA funding recipient planned 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 6/30/2006.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Sweet Dreams Candies got an SBA loan. You can too! Maybe you want money for start up business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

About This SBA Loan Information:

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

Related Links:

How to Raise Money

SBA 7A Lenders in Miami, Florida

Florida SBA Banks

If you are an ambitious entrepreneur or an aspiring executive looking to get involved with a startup, please take the time to learn more about Gaebler Ventures.