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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 > Home Furnishings Stores Loan | ||||
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1st National Bank - Florida Business Loans
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1st National Bank - Florida SBA Loan to Home Furnishings Stores CompanyAn SBA loan from 1st National Bank - Florida typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Pensacola, Florida business owner got a $80,000 loan. This small firm knew how to go about getting a business bank loan. Based in Pensacola, Florida, they applied for and received an SBA-guaranteed loan in 2002. The lending bank was 1st National Bank - Florida, based in Destin, Florida. SBA Loan Borrower COMPANY TYPE: HOME FURNISHINGS STORES SBA Loan Lender 1ST NATIONAL BANK - FLORIDA This debt financing 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 442299 - Home Furnishings Stores Loan Approval Date 4/4/2002 Loan Approval Gross Amount $80,000 Loan Approval from the SBA Of the total $80,000 loan amount, the SBA guaranteed $68,000. 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 only one employee. The SBA loan documents did not indicate that the small business planned to use the funding to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? 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. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like 1st National Bank - Florida that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Obtaining Funding - Getting Venture Capital Who Lends Money to Small Businesses in Destin, Florida
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