Florida SBA Loan Issued to Child Day Care Services Company
Would a Florida business loan help your company expand? If so, you may want to talk with this Florida bank, which offers SBA loans to Florida entrepreneurs.
Getting a small business loan in West Palm Beach, Florida was a top priority for this SBA-financed company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from First Peoples Bank. Here are the details on this Florida small business loan.
SBA Loan Borrower
COMPANY TYPE: CHILD DAY CARE SERVICES
WEST PALM BEACH, FL 33409
SBA Loan Lender
FIRST PEOPLES BANK
1301 SE PORT ST LUCIE BLVD
PORT SAINT LUCIE, FL 34952
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
5/26/2004
Loan Approval Gross Amount
$1,450,000
Loan Approval from the SBA
Of the total $1,450,000 loan amount, the SBA guaranteed $1,087,500.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 26 employees. The loan application indicated that the loan would help retain 26 existing jobs.
Getting an SBA Loan For Your Business
The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.
If you need emergency money for small businesses, 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:
How Equity Dilution Works
SBA 7A Banks in Port Saint Lucie, Florida
SBA Lenders in Florida