San Diego, California Bank Lends Money to Mr. Tux in Miami, Florida

Want to talk with a San Diego, California bank about a small business loan? Here's one Florida business loan, issued by a San Diego bank, that was approved by the SBA.

Applying for an SBA loan with California Bank & Trust worked out well for our friends at Mr. Tux in Miami, Florida. The business was able to get an SBA loan for $100,000. Nice!

SBA Loan Borrower

Mr. Tux
12004 N. Kendall Dr
Miami, FL 33186

SBA Loan Lender

CALIFORNIA BANK & TRUST
11622 EL CAMINO REAL, STE 200
SAN DIEGO, CA 92130

The lender provided this SBA bank 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

448190 - Other Clothing Stores

Loan Approval Date

10/27/2006

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, Mr. Tux, borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 8 employees. The SBA loan documents indicated that the loan would help retain 8 existing jobs.

Start the Process for Getting an SBA Loan Today!

Many small businesses receive loans backed by the U.S. Small Business Administration.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. If a firm like Mr. Tux is able to get a $100,000 loan, why not give getting an SBA loan of your own a try?

About This SBA Loan Information:

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

Related Links:

Obtaining Funding - How to Borrow Money

SBA 7A Banks in San Diego, California

SBA California Lenders

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