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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 > Commercial And Industrial Machinery And Equipment Rental And Leasing Loan | ||||
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Palm City Small Business Loans from First Peoples Bank
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Business Loan from First Peoples Bank Given to Commercial And Industrial Machinery And Equipment Rental And Leasing CompanyFirst Peoples Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Florida entrepreneur who tapped into the power of SBA loans. This small firm knew how to go about getting a business bank loan. Based in Palm City, Florida, they applied for and received an SBA-guaranteed loan in 2006. The lending bank was First Peoples Bank, based in Port Saint Lucie, Florida. SBA Loan Borrower COMPANY TYPE: COMMERCIAL AND INDUSTRIAL MACHINERY AND EQUIPMENT RENTAL AND LEASING 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 532490 - Commercial and Industrial Machinery and Equipment Rental and Leasing Loan Approval Date 7/3/2006 Loan Approval Gross Amount $601,200 Loan Approval from the SBA Of the total $601,200 loan amount, the SBA guaranteed $394,351. 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 20 employees. This SBA loan request indicated that the loan would help generate 6 new jobs and retain 26 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like First Peoples Bank and they will explain how you can get an SBA loan for your company. 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: Best Banks in Port Saint Lucie, Florida
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