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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 > Scrap And Waste Materials Loan | ||||
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Florida Small Business Funding
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Raising Money for Recyclable Material WholesalersLooking for bank loans for recyclable material wholesalers? The SBA may be the answer. This $1,115,000 recyclable material wholesalers loan was issued by a Florida bank. This small firm knew how to go about getting a business bank loan. Based in Port St. Lucie, Florida, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was First Peoples Bank, based in Port Saint Lucie, Florida. SBA Loan Borrower COMPANY TYPE: SCRAP AND WASTE MATERIALS SBA Loan Lender FIRST PEOPLES BANK This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5093 - Scrap and Waste Materials NAICS Code 421930 - Recyclable Material Wholesalers Loan Approval Date 12/27/2001 Loan Approval Gross Amount $1,115,000 Loan Approval from the SBA Of the total $1,115,000 loan amount, the SBA guaranteed $836,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 50 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $1,115,000 loan. Remember, you control your own destiny. 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: Best Banks for Small Business in Port Saint Lucie, Florida Browse All Business Loan Sources for Florida
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