Panama City Beach, Florida Business Gets SBA-Guaranteed Funding from Peoples First Community Bank
Peoples First Community Bank has a track record as a leading provider of SBA loans. Find out how this Florida entrepreneur received an SBA loan from them.
This small firm knew how to go about getting a business bank loan. Based in Panama City Beach, Florida, they applied for and received an SBA-guaranteed loan in 2000. The lending bank was Peoples First Community Bank, based in Panama City, Florida.
SBA Loan Borrower
COMPANY TYPE: PHYSICAL FITNESS FACILITIES
PANAMA CITY BEACH, FL 32470
SBA Loan Lender
PEOPLES FIRST COMMUNITY BANK
1022 W 23RD ST
PANAMA CITY, FL 32405
This lender issued this bank loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
7991 - Physical Fitness Facilities
NAICS Code
713940 - Fitness and Recreational Sports Centers
Loan Approval Date
2/28/2000
Loan Approval Gross Amount
$255,000
Loan Approval from the SBA
Of the total $255,000 loan amount, the SBA guaranteed $191,250.
More Information on This SBA Loan
The borrower borrowed this money for an existing 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 6 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.
Next Steps for Getting an SBA Loan
For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.
This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.
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:
Strategic Investors
Find an SBA Lender in Panama City, Florida
Florida SBA 7A Lenders