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| Entrepreneur Resources | Regions Bank Birmingham Business Loans | ||||
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We Needed a Small Business Loan in Miami, Florida and We Got One!
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Vocational Rehabilitation Services Business LoansLooking for business loans for vocational rehabilitation services? An SBA loan may be just what you've been looking for. This $200,000 vocational rehabilitation services loan was issued by an Alabama bank.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Miami, Florida was able to borrow $200,000 from Regions Bank. The SBA made the loan possible by guaranteeing $100,000 of this Florida small business loan. SBA Loan Borrower MBOD, LLC SBA Loan Lender REGIONS BANK The lender provided this commercial 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 624310 - Vocational Rehabilitation Services Loan Approval Date 8/28/2006 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $100,000. More Information on This SBA Loan The borrower, Mbod, LLC, 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 4 employees. The SBA loan documents indicated that the loan would help generate 4 new jobs and retain 4 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as Mbod, LLC walked into Regions Bank and applied for an SBA loan, you have to do the same thing. The sooner you start, the faster you'll get the money! About This SBA Loan Information: All SBA loan data displayed above comes from the government's SBA loan database. Related Links: How Much Venture Capital Is There? Small Business Banks in Birmingham, Alabama 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.
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