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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 > Truss Manufacturing Loan | ||||
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Banks Doing SBA Loans in Florida
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Port Saint Lucie, Florida Bank Gives SBA Loan to Truss Manufacturing CompanyWant to talk with a Port Saint Lucie, Florida bank about an SBA loan? Here's one Florida business loan, issued by a Port Saint Lucie bank, that was approved by the SBA. Applying for an SBA loan with First Peoples Bank worked out well for our friends at one local company in Fort Pierce, Florida. They got an SBA loan for $118,000. Nice! SBA Loan Borrower COMPANY TYPE: TRUSS MANUFACTURING SBA Loan Lender FIRST PEOPLES BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 321214 - Truss Manufacturing Loan Approval Date 12/3/2003 Loan Approval Gross Amount $118,000 Loan Approval from the SBA Of the total $118,000 loan amount, the SBA guaranteed $59,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 50 employees. The SBA loan application for the borrower indicated that the loan would help generate 10 new jobs and retain 60 existing jobs. Getting an SBA Loan For Your Business The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. This SBA loan was for $118,000. How would you spend $118,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Obtaining Funding - How to Decide How Much to Raise SBA 7A Banks in Port Saint Lucie, Florida
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