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May 13, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Stuart, Business Loans > Gulfstream Business Bank Stuart Business Loans > Family Clothing Stores Loan | ||||
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Raising Money in Palm City, Florida With SBA Loans
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Family Clothing Stores Small Business LoansLooking for small business loans for family clothing stores? The SBA may be the answer. This $150,000 family clothing stores loan was issued by a Florida bank. This company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Gulfstream Business Bank, out of Stuart, Florida. The loan was granted and they received $150,000 to help grow their Palm City, Florida business. SBA Loan Borrower COMPANY TYPE: FAMILY CLOTHING STORES SBA Loan Lender GULFSTREAM BUSINESS BANK This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5651 - Family Clothing Stores NAICS Code 448140 - Family Clothing Stores Loan Approval Date 2/13/2002 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your Business If you want money for new small business in Palm City FL, you ought to talk with a local Palm City SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Palm City businesses. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $150,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: The Friends and Family Network SBA Participating Banks in Stuart, Florida SBA Participating Banks in Florida
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