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

Where to Get a Bank Loan to Purchase a Franchise

 

 
Loan Census SBA Loan Info

Loan to Buy Wood You Distributors Franchise Issued By First Peoples Bank

Need money to buy a Wood You Distributors franchise? First Peoples Bank has a history of making these loans and they are guaranteed by the SBA.

Wood You Distributors franchise loans are available to Stuart, Florida entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First Peoples Bank, based in Port Saint Lucie, Florida, issued an SBA franchise loan for a Wood You Distributors franchise in 2005. We've got all the details on this Florida small business loan.

SBA Loan Borrower

WOOD YOU DISTRIBUTORS, INC.
STUART, FL 34996

SBA Loan Lender

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

This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

442299 - Home Furnishings Stores

Loan Approval Date

1/24/2005

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Wood You Distributors franchise. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like First Peoples Bank and they will explain how you can get an SBA loan for your company.

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 Loan

Best Banks for Small Business in Port Saint Lucie, Florida

SBA Lenders in Florida