SBA lending record

NEXT COMMUNICATIONS INC

520 West Ave, Miami Beach, FL 33139 · All Other Telecommunications. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.

$400K

Total SBA financing

Loan on record

FY2024

On record

Jobs supported

● business — business location is the ZIP-area centroid from the public record

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The loan

$400,000 — FY2024

Gross approval: $400,000
SBA guaranteed: $300,000 (75%)
Status: In workout — SBA bought the guarantee
Rate at approval: 11.5% v
Term: 107 mo (9 yr)
Program: Preferred Lenders Program
Subprogram: Guaranty
Loan type: Term loan
Purpose: Other / working capital
Approved: 5/31/2024
First disbursement: 6/5/2024
Days to fund: 5 days
Collateral: Required
Sold on secondary market: Yes

The lender

Newtek Bank, National Association

1 loan to this businessFull SBA lending record + branches on the lender page →

Agent summary

This page summarizes the public SBA 7(a) lending record for NEXT COMMUNICATIONS INC in Miami Beach, FL (All Other Telecommunications). DealRoom compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.

1 SBA 7(a) loan totaling $400K
On record FY2024
10 jobs supported
Industry: All Other Telecommunications
Location: Miami Beach, FL
Lender: Newtek Bank, National Association

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DealRoom listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with NEXT COMMUNICATIONS INC.