Oakland Park, Florida Business Gets SBA-Guaranteed Funding from 1st United Bank

An SBA loan from 1st United Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Oakland Park, Florida business owner got a $560,000 loan.

This growing company knew how to go about getting a business bank loan. Based in Oakland Park, Florida, they applied for and received an SBA-guaranteed loan in 2005. The lending bank was 1st United Bank, based in Boca Raton, Florida.

SBA Loan Borrower

COMPANY TYPE: INTERMEDIATE CARE FACILITIES
OAKLAND PARK, FL 33408

SBA Loan Lender

1ST UNITED BANK
ONE NORTH FEDERAL HWY
BOCA RATON, FL 33432

This loan for a small business was issued under the SBA's Certified Lenders Program (CLP), which means that this bank has a successful SBA lending history and a deep knowledge SBA lending rules and regulations.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8052 - Intermediate Care Facilities

NAICS Code

623311 - Continuing Care Retirement Communities

Loan Approval Date

6/27/2005

Loan Approval Gross Amount

$560,000

Loan Approval from the SBA

Of the total $560,000 loan amount, the SBA guaranteed $420,000.

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 4 employees. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from 1st United Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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