Services for the Elderly and Persons with Disabilities Commercial Loans

Looking for commercial loans for services for the elderly and persons with disabilities? An SBA loan may be just what you've been looking for. This $143,000 services for the elderly and persons with disabilities loan was issued by a Florida bank.

Getting a small business loan in Venice, Florida was important for this business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Liberty Savings Bank, F.S.B., operating out of Sarasota, Florida. Here are the details on this Florida small business loan.

SBA Loan Borrower

COMPANY TYPE: INDIVIDUAL AND FAMILY SOCIAL SERVICES
VENICE, FL 34292

SBA Loan Lender

LIBERTY SAVINGS BANK, F.S.B.
1950 S TAMIAMI TRL
SARASOTA, FL 34239

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8322 - Individual and Family Social Services

NAICS Code

624120 - Services for the Elderly and Persons with Disabilities

Loan Approval Date

11/18/2002

Loan Approval Gross Amount

$143,000

Loan Approval from the SBA

Of the total $143,000 loan amount, the SBA guaranteed $121,550.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 68 employees. This SBA loan request did not indicate that the small business 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.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Liberty Savings Bank, F.S.B. 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.

Related Links:

Advice on Getting a Small Business Loan

Best Sarasota, Florida Banks for Small Business

Getting an SBA Loan in Florida