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May 3, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Panama City, Business Loans > First National Bank N.W. Florida Panama City Business Loans > Red Carpet Inn Loan | ||||
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SBA Lenders for Jacksonville Franchise Buyers
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Borrow Money to Buy a Red Carpet Inn FranchiseNeed a loan to purchase a Red Carpet Inn franchise? First National Bank N.W. Florida has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Jacksonville, Florida needed money to invest in a Red Carpet Inn franchise back in 2005. First National Bank N.W. Florida issued an SBA franchise loan. Here are the details on this Florida small business loan. SBA Loan Borrower RED CARPET INN SBA Loan Lender FIRST NATIONAL BANK N.W. FLORIDA SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This small business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 8/17/2005 Loan Approval Gross Amount $2,000,000 Loan Approval from the SBA Of the total $2,000,000 loan amount, the SBA guaranteed $1,040,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Red Carpet Inn franchise. At the time of the loan, the company had 10 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. This SBA loan was for $2,000,000. How would you spend $2,000,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: SBA 7A Lenders in Panama City, Florida
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