Commercial Loans for Homes for the Elderly
Looking for commercial loans for homes for the elderly? Talk to a banker who works with the SBA. This $880,000 homes for the elderly loan was issued by a Virginia bank.
Getting a small business loan in Pompano Beach, Florida was important for this business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Business Loan Center, LLC, operating out of Richmond, Virginia. Here are the details on this Florida small business loan.
SBA Loan Borrower
COMPANY TYPE: RESIDENTIAL CARE
POMPANO BEACH, FL 33060
SBA Loan Lender
BUSINESS LOAN CENTER, LLC
3900 WESTERRE PARKWAY, SUITE
RICHMOND, VA 23233
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 SBA loans to to entrepreneurs who might have trouble getting a conventional bank loan.
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
8/31/2004
Loan Approval Gross Amount
$880,000
Loan Approval from the SBA
Of the total $880,000 loan amount, the SBA guaranteed $660,000.
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 2 employees. The loan application did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA loans provide smart, affordable business financing for small businesses looking to expand.
This SBA loan was for $880,000. How would you spend $880,000 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.
Related Links:
Accountant's Role in Securing Financing
Where to Get an SBA Loan in Richmond, Virginia
Virginia SBA 7A Lenders