Panama City Beach, Florida Bank Gives SBA Loan to Afro-In Books And Cafe, Inc.
Thinking about meeting with a Panama City Beach, Florida bank about a small business loan? Here's one Florida business loan, issued by a Panama City Beach bank, that was approved by the SBA.
Applying for an SBA loan with Business Loan Center, LLC worked out well for our friends at Afro-In Books And Cafe, Inc. in Miami, Florida. They got an SBA loan for $25,000. Great job!
SBA Loan Borrower
Afro-In Books and Cafe, Inc.
5575 NW 7 Ave.
Miami, FL 33127
SBA Loan Lender
BUSINESS LOAN CENTER, LLC
415 BECKRICH RD., STE 250
PANAMA CITY BEACH, FL 32407
The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide business loans to to entrepreneurs who might have trouble getting a conventional bank loan.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
451211 - Book Stores
Loan Approval Date
7/18/2006
Loan Approval Gross Amount
$25,000
Loan Approval from the SBA
Of the total $25,000 loan amount, the SBA guaranteed $21,250.
More Information on This SBA Loan
The borrower, Afro-In Books And Cafe, Inc., 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 2 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.
Next Steps for Getting an SBA Loan
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
Afro-In Books And Cafe, Inc. got an SBA loan. You can too! Maybe you need seed money for business? Maybe you need money to buy a business? 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:
Startup Funding Tip
Where to Get an SBA Loan in Panama City Beach, Florida
SBA Participating Banks in Florida
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