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May 8, 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 > Full-Service Restaurants Loan | ||||
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Port Saint Lucie, Florida SBA 7A Banks
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Entrepreneur Works With Port Saint Lucie, Florida Bank to Get an SBA LoanWant 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 firm in Port Saint Lucie, Florida. The business was able to get an SBA loan for $362,000. Sweet! SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS 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 722110 - Full-Service Restaurants Loan Approval Date 8/15/2006 Loan Approval Gross Amount $362,000 Loan Approval from the SBA Of the total $362,000 loan amount, the SBA guaranteed $271,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help generate 8 new jobs and retain 10 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. 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: Banks in Port Saint Lucie, Florida
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