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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 > Eating Places Loan | ||||
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Florida Bank SBA Loans
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SBA Loan from First Peoples Bank Helps Eating Places CompanyAn SBA loan from First Peoples Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Port St. Lucie, Florida business owner got a $950,000 loan. This small firm received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with First Peoples Bank, out of Port Saint Lucie, Florida. The loan was granted and they received $950,000 to help grow their Port St. Lucie, Florida business. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender FIRST PEOPLES BANK This small business loan was sent in by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a comprehensive analysis of the loan application and, in return, SBA promises a quick answer on whether the loan qualifies. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 1/3/2002 Loan Approval Gross Amount $950,000 Loan Approval from the SBA Of the total $950,000 loan amount, the SBA guaranteed $712,500. 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 22 employees. The SBA loan documents did not indicate that the business promised to use the money to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. 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: Where to Get an SBA Loan in Port Saint Lucie, Florida Getting a Business Loan in Florida
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