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May 4, 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 > Commercial Equipment Loan | ||||
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Small Business Loans from First Coast Community Bank
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Yulee, 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 Yulee, Florida business owner got a $100,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Yulee, Florida was able to borrow $100,000 from First Coast Community Bank. The SBA made the loan possible by guaranteeing $80,000 of this Florida small business loan. SBA Loan Borrower COMPANY TYPE: COMMERCIAL EQUIPMENT 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. SIC Code 5046 - Commercial Equipment NAICS Code 421440 - Commercial Equipment Wholesalers Loan Approval Date 5/19/2000 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $80,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. This SBA loan request indicated that the loan would help retain 4 existing jobs. Getting an SBA Loan For Your Business If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great funding source Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First Coast Community Bank 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: Best Banks for Small Business in Fernandina Beach, Florida Browse All Business Loan Sources for Florida
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