Miami, Florida Lender Lends Money to Atlantic Communications Inc
Find Miami, Florida banks that specialize in small business loans and know how to work with entrepreneurs. Citibank is one such bank, as evidenced by this SBA loan to Atlantic Communications Inc.
Finding a small business loan in West Palm Beach, Florida starts with an understanding of who else has gotten loans in the area. In this case, Atlantic Communications Inc received funding from Citibank Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.
SBA Loan Borrower
ATLANTIC COMMUNICATIONS INC
5849 OKEECHOBEE BLVD STE 201
WEST PALM BEACH, FL 33417
SBA Loan Lender
CITIBANK
8750 DORAL BLVD, 7TH FL
MIAMI, FL 33178
The lender provided this debt financing 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
513310 - Wired Telecommunications Carriers
Loan Approval Date
6/14/2001
Loan Approval Gross Amount
$10,000
Loan Approval from the SBA
Of the total $10,000 loan amount, the SBA guaranteed $5,000.
More Information on This SBA Loan
The borrower, Atlantic Communications 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 49 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 49 existing jobs. This loan was paid in full, and was closed out on 5/12/2005.
Next Steps for Getting an SBA Loan
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.
We can help you find the best banks for small businesses in West Palm Beach 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:
How Equity Dilution Works
Where to Get an SBA Loan in Miami, Florida
Florida SBA 7A Lenders
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