Miami, Florida Entrepreneur Gets a Business Loan

Florida small business loans are available to Florida small business owners through the SBA. In this case, a California bank provides the loan.

Getting a small business loan in Miami, Florida was a top priority for Miami Star Truck Parts, Inc. back in 2005 and, based on their loan application, they were successful in getting an SBA loan from California Bank & Trust. Here are the details on this Florida small business loan.

SBA Loan Borrower

Miami Star Truck Parts, Inc.
9796 NW 87 Avenue
Miami, FL 33178

SBA Loan Lender

CALIFORNIA BANK & TRUST
2399 GATEWAY OAKS DR, STE 110
SACRAMENTO, CA 95833

This SBA business 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

423120 - Motor Vehicle Supplies and New Parts Merchant Wholesalers

Loan Approval Date

1/21/2005

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

More Information on This SBA Loan

The borrower, Miami Star Truck Parts, Inc., borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The loan application indicated that the loan would help retain 5 existing jobs.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like California Bank & Trust and they will explain how you can get an SBA loan for your company.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's SBA loan database.

Related Links:

Small Business Credit Cards

Best Banks in Sacramento, California

California SBA 7A Banks

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