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April 26, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Altamonte Springs, Business Loans > Peoples First Community Bank Altamonte Springs Business Loans > Hardwood Veneer And Plywood Loan | ||||
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Best Banks for Businesses in Florida
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Peoples First Community Bank Gives Small Business Loan to Hardwood Veneer And Plywood CompanySBA loans in Florida are hard to find these days. We take a look at one Florida SBA loan, provided by a Florida bank, that was approved by the SBA. By giving the right information to Peoples First Community Bank, this Apopka, Florida business was able to get an SBA loan. To get this loan, the applying company gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: HARDWOOD VENEER AND PLYWOOD SBA Loan Lender PEOPLES FIRST COMMUNITY BANK This lender issued this particular SBA bank 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 2435 - Hardwood Veneer and Plywood NAICS Code 321211 - Hardwood Veneer and Plywood Manufacturing Loan Approval Date 1/25/2000 Loan Approval Gross Amount $135,000 Loan Approval from the SBA Of the total $135,000 loan amount, the SBA guaranteed $101,250. 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 5 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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 Approved Banks in Altamonte Springs, Florida
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