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April 26, 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 > Schools And Educational Services Loan | ||||
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Boca Raton Bank Loan
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Entrepreneur Works With Boca Raton, Florida Bank to Get an SBA LoanGet business loans from a Boca Raton, Florida bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too. 1st United Bank is a Boca Raton, Florida small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Florida company. SBA Loan Borrower COMPANY TYPE: SCHOOLS AND EDUCATIONAL SERVICES SBA Loan Lender 1ST UNITED 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 8299 - Schools and Educational Services NAICS Code 624410 - Child Day Care Services Loan Approval Date 12/23/2002 Loan Approval Gross Amount $1,080,000 Loan Approval from the SBA Of the total $1,080,000 loan amount, the SBA guaranteed $810,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 10 employees. The SBA loan application for the borrower did not indicate that the company planned 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. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like 1st United Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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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