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April 25, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Destin, Business Loans > 1st National Bank - Florida Destin Business Loans > Hotels And Motels Loan | ||||
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Florida SBA Loans from 1st National Bank - Florida
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Business Loan from 1st National Bank - Florida Given to Hotels And Motels Company1st National Bank - Florida has a track record as a leading provider of SBA loans. Find out how this Florida entrepreneur received an SBA loan from them. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Gainesville, Florida was able to borrow $660,000 from 1st National Bank - Florida. The SBA made the loan possible by guaranteeing $495,000 of this Florida small business loan. SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender 1ST NATIONAL BANK - FLORIDA This business loan was provided by financing institution with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan guaranty requests to the SBA get more expeditious service from the SBA on their loan applications. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 10/11/2001 Loan Approval Gross Amount $660,000 Loan Approval from the SBA Of the total $660,000 loan amount, the SBA guaranteed $495,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 8 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan If you are wondering how to raise money for a business in Gainesville FL, you ought to talk with a local Gainesville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Gainesville businesses. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $660,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Role of Business Plan When Raising Money Where to Get an SBA Loan in Destin, Florida
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