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May 9, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Port Saint Lucie, Business Loans > First Peoples Bank Port Saint Lucie Business Loans > Child Day Care Services Loan | ||||
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Port Saint Lucie Lenders
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Entrepreneur Works With Port Saint Lucie, Florida Bank to Get an SBA LoanGet to know Port Saint Lucie, Florida banks that specialize in SBA loans and know how to work with entrepreneurs. First Peoples Bank is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Delray Beach, Florida starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from First Peoples Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: CHILD DAY CARE SERVICES SBA Loan Lender FIRST PEOPLES BANK This commercial loan was provided by a lender with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan applications to the SBA get more expeditious service from the SBA on their loan applications. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8351 - Child Day Care Services NAICS Code 624410 - Child Day Care Services Loan Approval Date 5/13/2003 Loan Approval Gross Amount $842,500 Loan Approval from the SBA Of the total $842,500 loan amount, the SBA guaranteed $631,875. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 11 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: SBA Approved Banks in Port Saint Lucie, Florida
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