Security Systems Services Bank Loans

With these bank loans for security systems services, the SBA guarantees the lender that the loan will be repaid. This security systems services loan for $173,000 was given to a Florida entrepreneur in 2007.

Metro Dade Security Systems, 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 2007. The lending bank was Community So. Bank D.B.A Commun, based in Parsons, Tennessee.

SBA Loan Borrower

Metro Dade Security Systems, Inc.
13816 SW 142 Ave., Suite 31
Miami, FL 33186

SBA Loan Lender

COMMUNITY SO. BANK D.B.A COMMUN
51 W MAIN ST
PARSONS, TN 38363

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561621 - Security Systems Services (except Locksmiths)

Loan Approval Date

6/18/2007

Loan Approval Gross Amount

$173,000

Loan Approval from the SBA

Of the total $173,000 loan amount, the SBA guaranteed $129,750.

More Information on This SBA Loan

The borrower, Metro Dade Security Systems, 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 11 employees. The SBA loan application for the borrower indicated that the loan would help retain 11 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

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

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. Metro Dade Security Systems, Inc. needed a loan. Community So. Bank D.B.A Commun 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, Community So. Bank D.B.A Commun made the loan. The end result was that Metro Dade Security Systems, Inc. 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:

Direct Public Offerings

Where to Get an SBA Loan in Parsons, Tennessee

Find an SBA Lender in Tennessee

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