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| Entrepreneur Resources | Republic Federal Bank Miami Business Loans | ||||
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Republic Federal Bank Small Business
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Sunrise, Florida Business Gets SBA-Guaranteed Funding from Republic Federal BankRepublic Federal Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a Florida entrepreneur was able to get a loan to take a small business to the next level.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Sunrise, Florida was able to borrow $80,000 from Republic Federal Bank. The SBA made the loan possible by guaranteeing $68,000 of this Florida small business loan. SBA Loan Borrower AMETCO SBA Loan Lender REPUBLIC FEDERAL BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide commercial loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5172 - Petroleum and Petroleum Products Wholesalers, Exce NAICS Code 422720 - Petroleum and Petroleum Products Wholesalers (except Bulk Stations and Term Loan Approval Date 6/25/2001 Loan Approval Gross Amount $80,000 Loan Approval from the SBA Of the total $80,000 loan amount, the SBA guaranteed $68,000. More Information on This SBA Loan The borrower, Ametco, 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 only one employee. The SBA loan application for the borrower did not indicate that the small business planned to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. Ametco needed a loan. Republic Federal Bank 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, Republic Federal Bank made the loan. The end result was that Ametco 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: Role of Business Plan When Raising Money SBA 7A Lenders in Miami, Florida Where to Get an SBA Loan Florida 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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