Loan Census Banking News and Information
November 15, 2024  
 
 
  Business Loan Information  
 

Business Loan Center, LLC Small Business Loans Royal Palm Beach, FL

 

 
Loan Census SBA Loan Info

Business Loan Center, LLC SBA Loan to Child Day Care Services Company

Business Loan Center, LLC and the SBA work together to get business loans for growing small businesses. Here's an example of how a Florida entrepreneur was able to get a loan to take a small business to the next level.

This growing company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Business Loan Center, LLC, out of New York, New York. The loan was granted and they received $778,500 to help grow their Royal Palm Beach, Florida business.

SBA Loan Borrower

COMPANY TYPE: CHILD DAY CARE SERVICES
ROYAL PALM BEACH, FL 33411

SBA Loan Lender

BUSINESS LOAN CENTER, LLC
1633 BROADWAY, 39TH FL
NEW YORK, NY 10019

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

624410 - Child Day Care Services

Loan Approval Date

9/26/2002

Loan Approval Gross Amount

$778,500

Loan Approval from the SBA

Of the total $778,500 loan amount, the SBA guaranteed $583,875.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 9 employees. The SBA loan application for the borrower indicated that the loan would help retain 9 existing jobs.

Getting an SBA Loan For Your Business

If you are working on finding money to start a business in Royal Palm Beach FL, you ought to talk with a local Royal Palm Beach SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Royal Palm Beach businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Business Loan Center, LLC are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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.

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