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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 > Automobile And Motor Vehicle Wholesalers Loan | ||||
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SBA Lenders Florida
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Fernandina Beach, Florida Bank Gives SBA Loan to Automobile And Motor Vehicle Wholesalers CompanyThinking about meeting with a Fernandina Beach, Florida bank about a small business loan? Here's one Florida business loan, issued by a Fernandina Beach bank, that was approved by the SBA. Applying for an SBA loan with First Coast Community Bank worked out well for our friends at one local business in Jacksonville, Florida. They got an SBA loan for $1,038,000. Sweet! SBA Loan Borrower COMPANY TYPE: AUTOMOBILE AND MOTOR VEHICLE WHOLESALERS SBA Loan Lender FIRST COAST COMMUNITY BANK This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 421110 - Automobile and Motor Vehicle Wholesalers Loan Approval Date 6/27/2002 Loan Approval Gross Amount $1,038,000 Loan Approval from the SBA Of the total $1,038,000 loan amount, the SBA guaranteed $778,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 63 employees. The SBA loan documents indicated that the loan would help retain 63 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. 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 $1,038,000 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 SBA 7A Banks in Fernandina Beach, Florida
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