How to Get a Loan for Homes for the Elderly

Looking for business loans for homes for the elderly? An SBA loan may be just what you've been looking for. This $877,500 homes for the elderly loan was issued by a Florida bank.

This business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Flagler Bank, out of West Palm Beach, Florida. The loan was granted and they received $877,500 to help grow their Delray Beach, Florida business.

SBA Loan Borrower

COMPANY TYPE: RESIDENTIAL CARE
DELRAY BEACH, FL 33445

SBA Loan Lender

FLAGLER BANK
1801 FOREST HILL BLVD
WEST PALM BEACH, FL 33406

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide business loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8361 - Residential Care

NAICS Code

623312 - Homes for the Elderly

Loan Approval Date

8/27/2001

Loan Approval Gross Amount

$877,500

Loan Approval from the SBA

Of the total $877,500 loan amount, the SBA guaranteed $658,125.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 13 employees. This SBA loan request did not indicate that the company planned 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.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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.

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