SBA Loan from Beal Bank, D/b/a Beal Bank Helps Mortgage Bankers And Loan Correspondents Company

An SBA loan from Beal Bank, D/b/a Beal Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Boca Raton, Florida business owner got a $118,400 loan.

This growing company knew how to go about getting a business bank loan. Based in Boca Raton, Florida, they applied for and received an SBA-guaranteed loan in 2000. The lending bank was Beal Bank, D/b/a Beal Bank, based in Plano, Texas.

SBA Loan Borrower

COMPANY TYPE: MORTGAGE BANKERS AND LOAN CORRESPONDENTS
BOCA RATON, FL 33432

SBA Loan Lender

BEAL BANK, D/B/A BEAL BANK
6000 LEGACY DR
PLANO, TX 75024

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

6162 - Mortgage Bankers and Loan Correspondents

Loan Approval Date

2/10/2000

Loan Approval Gross Amount

$118,400

Loan Approval from the SBA

Of the total $118,400 loan amount, the SBA guaranteed $88,800.

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 3 employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need money to start business in Boca Raton FL, you ought to talk with a local Boca Raton SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Boca Raton businesses.

We can help you find the best banks for small businesses in Boca Raton or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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