Getting an SBA Loan for Personal Care Services

Looking for commercial loans for personal care services? Try the SBA. This $150,000 personal care services loan was issued by a Florida bank.

Getting a small business loan in Vero Beach, Florida was important for this business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Gulfstream Business Bank, operating out of Stuart, Florida. Here are the details on this Florida small business loan.

SBA Loan Borrower

COMPANY TYPE: PERSONAL SERVICES
VERO BEACH, FL 32960

SBA Loan Lender

GULFSTREAM BUSINESS BANK
2400 SE MONTEREY RD, STE 100
STUART, FL 34996

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

7299 - Personal Services

NAICS Code

812199 - Personal Care Services

Loan Approval Date

4/26/2001

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. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start a small business or need money to grow a business, an SBA loan can be a great funding source

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Borrowing Money from Friends and Family

Banks in Stuart, Florida

SBA Florida Lenders