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April 25, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Boca Raton, Business Loans > 1st United Bank Boca Raton Business Loans > Eating Places Loan | ||||
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Banks in Boca Raton, Florida That Make SBA Loans
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Boca Raton, Florida Lender Lends Money to Eating Places CompanyWant to talk with a Boca Raton, Florida bank about an SBA loan? Here's one Florida business loan, issued by a Boca Raton bank, that was approved by the SBA. Applying for an SBA loan with 1st United Bank worked out well for our friends at one local firm in West Palm Beach, Florida. They received an SBA loan for $150,000. Awesome! SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender 1ST UNITED BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 11/14/2001 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 2 employees. The loan application did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan If you are raising money in West Palm Beach FL, you ought to talk with a local West Palm Beach SBA lender or talk with an out-of-area SBA lender that has previously loaned money to West Palm Beach businesses. 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: SBA 7A Banks in Boca Raton, Florida
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