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SBA Celebrates Business Expansion Project in Palm Beach County
RIVIERA BEACH, Fla. – The U.S. Small Business Administration‘s (SBA) South Florida District Office joined local Palm Beach County officials and business leaders today at a ribbon-cutting ceremony celebrating a $3.1 million renovation project at the Smart for Life Manufacturing and Distribution Facility.
The 25,000-foot Smart For Life complex produces nutritious baked food products that aid in weight loss.
"SBA, in participation with our lending partners, Seaside Bank and Florida First Capital Finance Corp., approved two loans valued at approximately $1 million for Smart For Life," said SBA South Florida District Director Francisco "Pancho" Marrero. "SBA's 504 loan program makes projects like this one possible. We are pleased to be able to help Smart For Life grow their business and create jobs that are located in a targeted revitalization area and will strengthen the Palm Beach community."
SBA's South Florida District Office helps small businesses start, grow and succeed in the 24 counties south of Orlando. The SBA 504 Loan program is a powerful economic development loan program that offers small businesses another avenue for business financing, while promoting business growth, and job creation. Smart For Life estimates 25 additional jobs will be created in the next two years.
Other partners on this project included the U.S. Department of Energy and U.S. Department of Housing and Urban Development.