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May 2, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Fernandina Beach, Business Loans > First Coast Community Bank Fernandina Beach Business Loans > Schools And Instruction Loan | ||||
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Getting a Commercial Loan from First Coast Community Bank
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Fernandina Beach, Florida Business Gets SBA-Guaranteed Funding from First Coast Community BankAn SBA loan from First Coast Community Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Fernandina Beach, Florida business owner got a $1,350,000 loan. This small firm received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with First Coast Community Bank, out of Fernandina Beach, Florida. The loan was granted and they received $1,350,000 to help grow their Fernandina Beach, Florida business. SBA Loan Borrower COMPANY TYPE: SCHOOLS AND INSTRUCTION SBA Loan Lender FIRST COAST COMMUNITY BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 611699 - Schools and Instruction Loan Approval Date 6/7/2004 Loan Approval Gross Amount $1,350,000 Loan Approval from the SBA Of the total $1,350,000 loan amount, the SBA guaranteed $1,012,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 4 existing jobs. Next Steps for Getting an SBA Loan For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $1,350,000 loan. Remember, if it to be, it is up to me! 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 Participating Banks in Fernandina Beach, Florida
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