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May 3, 2024  
 
 
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Who Lends Money to Miami Businesses

 

 
Loan Census SBA Loan Info

Miami, Florida Entrepreneur Gets a Business Loan

FloridaBank loans are available to Florida firms through the SBA. In this case, a North Carolina bank provides the loan.

Getting a small business loan in Miami, Florida was a top priority for this loan applicant back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Wachovia Bank. Here are the details on this Florida small business loan.

SBA Loan Borrower

COMPANY TYPE: JANITORIAL SERVICES
MIAMI, FL 33174

SBA Loan Lender

WACHOVIA BANK
301 S COLLEGE ST MAIN LOBBY
CHARLOTTE, NC 28202

This commercial loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

561720 - Janitorial Services

Loan Approval Date

3/31/2006

Loan Approval Gross Amount

$193,100

Loan Approval from the SBA

Of the total $193,100 loan amount, the SBA guaranteed $96,550.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 100 employees. The loan application indicated that the loan would help generate 10 new jobs and retain 100 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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.

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