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November 15, 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 > Services Loan | ||||
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Requirements for Businesses On Getting a Loan
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Business Loans for Custom Compounding of Purchased ResinsLooking for business loans for custom compounding of purchased resins? Talk to a banker who works with the SBA. This $225,000 custom compounding of purchased resins 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 1st United Bank, out of Boca Raton, Florida. The loan was granted and they received $225,000 to help grow their Jupiter, Florida business. SBA Loan Borrower COMPANY TYPE: SERVICES SBA Loan Lender 1ST UNITED BANK This SBA bank 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 8999 - Services NAICS Code 325991 - Custom Compounding of Purchased Resins Loan Approval Date 6/11/2001 Loan Approval Gross Amount $225,000 Loan Approval from the SBA Of the total $225,000 loan amount, the SBA guaranteed $168,750. 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 4 employees. The SBA loan documents did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your 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 $225,000 loan. Remember, fight for what you want, and it will be yours! 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: Obtaining Funding - Getting Venture Capital Best Boca Raton, Florida Banks for Small Business SBA Participating Banks in Florida
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