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April 25, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Miami, Business Loans > Republic Federal Bank Miami Business Loans > Plastering, Drywall, And Insulation Loan | ||||
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What Does It Take to Get a Business Loan in Miami, Florida?
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Loans for Drywall, Plastering, Acoustical, and Insulation ContractorsLooking for loans for drywall, plastering, acoustical, and insulation contractors? The SBA may be the answer. This $97,000 drywall, plastering, acoustical, and insulation contractors loan was issued by a Florida bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Miami, Florida was able to borrow $97,000 from Republic Federal Bank. The SBA made the loan possible by guaranteeing $77,600 of this Florida small business loan. SBA Loan Borrower COMPANY TYPE: PLASTERING, DRYWALL, AND INSULATION SBA Loan Lender REPUBLIC FEDERAL BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1742 - Plastering, Drywall, and Insulation NAICS Code 235420 - Drywall, Plastering, Acoustical, and Insulation Contractors Loan Approval Date 4/13/2000 Loan Approval Gross Amount $97,000 Loan Approval from the SBA Of the total $97,000 loan amount, the SBA guaranteed $77,600. More Information on This SBA Loan The borrower borrowed this money for an existing 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 5 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Republic Federal Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: How Much Venture Capital Is There? Best Banks for Small Business in Miami, Florida SBA Participating Banks in Florida
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