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May 2, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Panama City, Business Loans > Peoples First Community Bank Panama City Business Loans > Tobacco Stores And Stands Loan | ||||
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Business Loans for Panama City Small Businesses
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Getting an SBA Loan for Tobacco StoresLooking for SBA loans for tobacco stores? The SBA may be the answer. This $50,000 tobacco stores loan was issued by a Florida bank. This small business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Peoples First Community Bank, out of Panama City, Florida. The loan was granted and they received $50,000 to help grow their Panama City, Florida business. SBA Loan Borrower COMPANY TYPE: TOBACCO STORES AND STANDS SBA Loan Lender PEOPLES FIRST COMMUNITY BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5993 - Tobacco Stores and Stands NAICS Code 453991 - Tobacco Stores Loan Approval Date 1/23/2001 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $42,500. 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 2 employees. The loan application did not indicate that the company promised to use the funding to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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 Banks in Panama City, Florida
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