How to Get a Loan for Services for the Elderly and Persons with Disabilities

Looking for commercial loans for services for the elderly and persons with disabilities? An SBA loan may be just what you've been looking for. This $1,860,000 services for the elderly and persons with disabilities loan was issued by a Florida bank.

This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Banco Popular, out of Orlando, Florida. The loan was granted and they received $1,860,000 to help grow their Hollywood, Florida business.

SBA Loan Borrower

COMPANY TYPE: RESIDENTIAL CARE
HOLLYWOOD, FL 33024

SBA Loan Lender

BANCO POPULAR
8523 COMMODITY CIR
ORLANDO, FL 32819

When this loan was made, this bank participated in the SBA's Certified Lenders Program (CLP). This program is designed to offer rapid service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8361 - Residential Care

NAICS Code

624120 - Services for the Elderly and Persons with Disabilities

Loan Approval Date

11/24/2003

Loan Approval Gross Amount

$1,860,000

Loan Approval from the SBA

Of the total $1,860,000 loan amount, the SBA guaranteed $998,820.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 9 employees. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

This SBA loan was for $1,860,000. How would you spend $1,860,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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