Service First Processing Inc.
420 W Boynton Beach Blvd, Boynton Beach, FL 33435 · Financial Transactions Processing, Reserve, and Clearinghouse Activiti (NAICS 522320)
Loan Summary
Source: SBA FOIA Loan-Level DataTotal Loans
5
Total Amount
$9.5M
Jobs Supported
118
Years Active
2016–2025
Loan History (5)
Source: SBA FOIA7(a)$2,465,000
Cancelled
- Approved
- Nov 22, 2024 (FY2025)
- SBA Guaranteed
- $1,848,750 (75%)
- Term
- 120 months (10.0 yrs)
- Interest Rate
- 10.00%
- Revolver
- 0
- Jobs Supported
- 30
- Business Type
- Corporation
- Business Age
- Existing or More Than 2 Years Old
- Industry
- Financial Transactions Processing, Reserve, and Clearinghouse Activiti (NAICS 522320)
Lender
Paradise Bank
3800 N Federal Hwy, Boca Raton, FL 33431
Project Location
Palm Beach County, FL
7(a)$1,060,000
Cancelled
- Approved
- Nov 22, 2024 (FY2025)
- SBA Guaranteed
- $795,000 (75%)
- Term
- 300 months (25.0 yrs)
- Interest Rate
- 9.50%
- Revolver
- 0
- Jobs Supported
- 30
- Business Type
- Corporation
- Business Age
- Existing or More Than 2 Years Old
- Industry
- Financial Transactions Processing, Reserve, and Clearinghouse Activiti (NAICS 522320)
Lender
Paradise Bank
3800 N Federal Hwy, Boca Raton, FL 33431
Project Location
Palm Beach County, FL
7(a)$3,525,000
Exempt
- Approved
- Jan 16, 2025 (FY2025)
- SBA Guaranteed
- $2,643,750 (75%)
- Term
- 120 months (10.0 yrs)
- Interest Rate
- 9.50%
- Revolver
- 0
- Jobs Supported
- 36
- Business Type
- Corporation
- Business Age
- Existing or More Than 2 Years Old
- Industry
- Financial Transactions Processing, Reserve, and Clearinghouse Activiti (NAICS 522320)
Lender
Paradise Bank
3800 N Federal Hwy, Boca Raton, FL 33431
Project Location
Palm Beach County, FL
7(a)$1,776,800
Exempt
- Approved
- Dec 2, 2021 (FY2022)
- SBA Guaranteed
- $1,332,600 (75%)
- Term
- 300 months (25.0 yrs)
- Interest Rate
- 4.75%
- Revolver
- 0
- Jobs Supported
- 10
- Business Type
- Corporation
- Business Age
- Existing or More Than 2 Years Old
- Industry
- Financial Transactions Processing, Reserve, and Clearinghouse Activiti (NAICS 522320)
Lender
Paradise Bank
3800 N Federal Hwy, Boca Raton, FL 33431
Project Location
Palm Beach County, FL
7(a)$655,800
Paid in Full
- Approved
- Feb 23, 2016 (FY2016)
- SBA Guaranteed
- $491,850 (75%)
- Term
- 316 months (26.3 yrs)
- Interest Rate
- 5.00%
- Revolver
- 0
- Jobs Supported
- 12
- Business Type
- Corporation
- Industry
- Data Processing, Hosting, and Related Services (NAICS 518210)
- Paid in Full
- Apr 30, 2021
Lender
Paradise Bank
3800 N Federal Hwy, Boca Raton, FL 33431
Project Location
Palm Beach County, FL
Business Details
- Business Type
- Corporation
- Business Age
- Existing or More Than 2 Years Old
- NAICS Code
- 522320 — Financial Transactions Processing, Reserve, and Clearinghouse Activiti
- Address
- 420 W Boynton Beach Blvd
Boynton Beach, FL 33435
Lender
- Paradise Bank
- 3800 N Federal Hwy, Boca Raton, FL 33431