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April 23, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Coral Gables, Business Loans > Mercantil Commercebank National As Coral Gables Business Loans > Retail Bakeries Loan | ||||
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Florida Bank SBA Loans
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Mercantil Commercebank National As SBA Loan to Retail Bakeries CompanySearching for a Florida SBA loan? Here's one Florida business loan that was approved by the SBA. This up and coming company knew how to go about getting a business bank loan. Based in Margate, Florida, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Mercantil Commercebank National As, based in Coral Gables, Florida. SBA Loan Borrower COMPANY TYPE: RETAIL BAKERIES SBA Loan Lender MERCANTIL COMMERCEBANK NATIONAL AS SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5461 - Retail Bakeries Loan Approval Date 8/31/2000 Loan Approval Gross Amount $76,000 Loan Approval from the SBA Of the total $76,000 loan amount, the SBA guaranteed $60,800. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees. 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. This SBA loan was for $76,000. How would you spend $76,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: Obtaining Funding - How to Borrow Money Good Banks for Small Business in Coral Gables, Florida
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