Florida Small Business Loan Issued to Advertising Agencies Company

Bank loans in Florida are hard to find these days. We take a look at one Florida bank loan, provided by a Florida bank, that was approved by the SBA.

Getting a small business loan in Jacksonville, Florida was a top priority for this loan applicant back in 2005 and, based on their loan application, they were successful in getting an SBA loan from First National Bank - Nassau Cnty. Here are the details on this Florida small business loan.

SBA Loan Borrower

COMPANY TYPE: ADVERTISING AGENCIES
JACKSONVILLE, FL 32256

SBA Loan Lender

FIRST NATIONAL BANK - NASSAU CNTY
1891 S 14TH ST
FERNANDINA BEACH, FL 32034

This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541810 - Advertising Agencies

Loan Approval Date

5/23/2005

Loan Approval Gross Amount

$500,000

Loan Approval from the SBA

Of the total $500,000 loan amount, the SBA guaranteed $375,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 7 employees. The loan application did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from First National Bank - Nassau Cnty so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Business Line of Credit

Small Business Banks in Fernandina Beach, Florida

Getting an SBA Loan in Florida