Borrowing Money for Nondurable Goods Merchant Wholesalers
Looking for loans for nondurable goods merchant wholesalers? Try the SBA. This $115,000 nondurable goods merchant wholesalers loan was issued by a California bank.
Elegance Toujours, Inc. knew how to go about getting a business bank loan. Based in Miami, Florida, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was California Bank & Trust, based in Sacramento, California.
SBA Loan Borrower
Elegance Toujours, Inc.
4240 SW 72nd Ave
Miami, FL 33155
SBA Loan Lender
CALIFORNIA BANK & TRUST
2399 GATEWAY OAKS DR, STE 110
SACRAMENTO, CA 95833
This commercial loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
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
424990 - Other Miscellaneous Nondurable Goods Merchant Wholesalers
Loan Approval Date
12/2/2004
Loan Approval Gross Amount
$115,000
Loan Approval from the SBA
Of the total $115,000 loan amount, the SBA guaranteed $57,500.
More Information on This SBA Loan
The borrower, Elegance Toujours, 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 2 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.
We can help you find the best banks for small businesses in Miami or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
About This SBA Loan Information:
All SBA loan data displayed above comes from the government's SBA loan database.
Related Links:
Bank Credit Lines
Where to Get an SBA Loan in Sacramento, California
Getting an SBA Loan in California
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