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May 2, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Miami, Business Loans > Citibank Miami Business Loans > Quick Printing Loan | ||||
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Miami, Florida SBA Banks
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Miami, Florida Bank Gives SBA Loan to Quick Printing CompanyThinking about meeting with a Miami, Florida bank about an SBA loan? Here's one California business loan, issued by a Miami bank, that was approved by the SBA. Applying for an SBA loan with Citibank worked out well for our friends at one local business in Monterey Park, California. The business was able to get an SBA loan for $10,000. Nice! SBA Loan Borrower COMPANY TYPE: QUICK PRINTING SBA Loan Lender CITIBANK The lender provided this loan 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 323114 - Quick Printing 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 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 16 employees. The SBA loan documents indicated that the loan would help retain 16 existing jobs. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Citibank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Determining Proper Capital Structure for a Business SBA Participating Banks in Miami, Florida Where to Get an SBA Loan Florida
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