Flower, Nursery Stock, and Florists' Supplies Merchant Wholesalers Commercial Loans

With these commercial loans for flower, nursery stock, and florists' supplies merchant wholesalers, the SBA guarantees the lender that the loan will be repaid. This flower, nursery stock, and florists' supplies merchant wholesalers loan for $35,000 was given to a Florida entrepreneur in 2005.

All About Fresh Flowers Corp. received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Suntrust Bank, out of Richmond, Virginia. The loan was granted and they received $35,000 to help grow their Miami, Florida business.

SBA Loan Borrower

All About Fresh Flowers Corp.
2728 NW 72nd Avenue
Miami, FL 33122

SBA Loan Lender

SUNTRUST BANK
1001 SEMMES AVE, RVW 4323
RICHMOND, VA 23224

The lender provided this SBA 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

424930 - Flower, Nursery Stock, and Florists' Supplies Merchant Wholesalers

Loan Approval Date

4/28/2005

Loan Approval Gross Amount

$35,000

Loan Approval from the SBA

Of the total $35,000 loan amount, the SBA guaranteed $17,500.

More Information on This SBA Loan

The borrower, All About Fresh Flowers Corp., 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 6 employees. This SBA loan request indicated that the loan would help retain 6 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.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. All About Fresh Flowers Corp. needed a loan. Suntrust Bank 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, Suntrust Bank made the loan. The end result was that All About Fresh Flowers Corp. 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:

Financing Your Business

SBA 7A Lenders in Richmond, Virginia

Virginia SBA Banks

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