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November 15, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Port Saint Lucie, Business Loans > First Peoples Bank Port Saint Lucie Business Loans > Insurance Agents And Brokers Loan | ||||
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First Peoples Bank
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SBA Loan from First Peoples Bank Helps Insurance Agents And Brokers CompanyAn SBA loan from First Peoples Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Port St. Lucie, Florida business owner got a $85,000 loan. This growing company knew how to go about getting a business bank loan. Based in Port St. Lucie, Florida, they applied for and received an SBA-guaranteed loan in 2000. The lending bank was First Peoples Bank, based in Port Saint Lucie, Florida. SBA Loan Borrower COMPANY TYPE: INSURANCE AGENTS AND BROKERS SBA Loan Lender FIRST PEOPLES BANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 6411 - Insurance Agents and Brokers Loan Approval Date 1/19/2000 Loan Approval Gross Amount $85,000 Loan Approval from the SBA Of the total $85,000 loan amount, the SBA guaranteed $68,000. 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 6 employees. The SBA loan documents did not indicate that the company planned to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from First Peoples 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. Related Links: SBA 7A Banks for Port Saint Lucie, Florida Loans Getting an SBA Loan in Florida
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