Loan Census Banking News and Information
April 25, 2024  
 
 
  Business Loan Information  
 

SBA 7A Banks for Palm Beach Gardens Business Owners

 

 
Loan Census SBA Loan Info

Baked Goods Stores Commercial Loans

Looking for commercial loans for baked goods stores? The SBA may be the answer. This $600,000 baked goods stores loan was issued by a District of Columbia bank.

Getting a small business loan in Palm Beach Gardens, Florida was important for this business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Natl Consumer Cooperative, operating out of Washington, District of Columbia. Here are the details on this Florida small business loan.

SBA Loan Borrower

COMPANY TYPE: RETAIL BAKERIES
PALM BEACH GARDENS, FL 33403

SBA Loan Lender

NATL CONSUMER COOPERATIVE
601 PENNSYLVANIA AVE, NW, STE
WASHINGTON, DC 20044

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5461 - Retail Bakeries

NAICS Code

445291 - Baked Goods Stores

Loan Approval Date

7/31/2003

Loan Approval Gross Amount

$600,000

Loan Approval from the SBA

Of the total $600,000 loan amount, the SBA guaranteed $450,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 12 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

While you may be able to find business people willing to loan money, 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:

Microlending as a Small Business Funding Source

SBA 7A Banks in Washington, District of Columbia

SBA District of Columbia Lenders