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| Entrepreneur Resources | Cit Small Business Lending Corp Livingston Business Loans | ||||
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Who Lends Money to Miami Small Business Owners
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Miami, Florida Entrepreneur Gets a Bank LoanBank loans in Florida are are few and far betweeen these days. We take a look at one Florida bank loan, provided by a New Jersey bank, that was approved by the SBA.
Solis Iron Works Corp., based in Miami, Florida, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Cit Small Business Lending Corp. We've got the inside scoop on this Florida small business loan. SBA Loan Borrower Solis Iron Works Corp. SBA Loan Lender CIT SMALL BUSINESS LENDING CORP Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 332323 - Ornamental and Architectural Metal Work Manufacturing Loan Approval Date 6/19/2006 Loan Approval Gross Amount $794,000 Loan Approval from the SBA Of the total $794,000 loan amount, the SBA guaranteed $595,500. More Information on This SBA Loan The borrower, Solis Iron Works Corp., borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 6 employees. This SBA loan request indicated that the loan would help retain 6 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. 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: SBA Participating Banks in Livingston, New Jersey 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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