Store Retailers Small Business Loans

With these small business loans for store retailers, the SBA guarantees the lender that the loan will be repaid. This store retailers loan for $70,700 was given to a Florida entrepreneur in 2007.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Port Saint Lucie, Florida was able to borrow $70,700 from First Peoples Bank. The SBA made the loan possible by guaranteeing $60,095 of this Florida small business loan.

SBA Loan Borrower

COMPANY TYPE: STORE RETAILERS
PORT SAINT LUCIE, FL 34952

SBA Loan Lender

FIRST PEOPLES BANK
1301 SE PORT ST LUCIE BLVD
PORT SAINT LUCIE, FL 34952

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453998 - Store Retailers

Loan Approval Date

2/28/2007

Loan Approval Gross Amount

$70,700

Loan Approval from the SBA

Of the total $70,700 loan amount, the SBA guaranteed $60,095.

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 indicated that the loan would help generate 1 new job and retain 3 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into First Peoples Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Small Business Credit Cards

Best Banks for Small Business in Port Saint Lucie, Florida

SBA Participating Banks in Florida