Business Loan from First Commun Bank - S.W. Florida Given to Hotels And Motels Company

An SBA loan from First Commun Bank - S.W. Florida typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Daytona Beach, Florida business owner got a $1,570,000 loan.

This small firm knew how to go about getting a business bank loan. Based in Daytona Beach, Florida, they applied for and received an SBA-guaranteed loan in 2003. The lending bank was First Commun Bank - S.W. Florida, based in Fort Myers, Florida.

SBA Loan Borrower

COMPANY TYPE: HOTELS AND MOTELS
DAYTONA BEACH, FL 32118

SBA Loan Lender

FIRST COMMUN BANK - S.W. FLORIDA
1565 RED CEDAR DR
FORT MYERS, FL 33907

This commercial loan was provided by financing institution with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan applications 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.

SIC Code

7011 - Hotels and Motels

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

12/2/2003

Loan Approval Gross Amount

$1,570,000

Loan Approval from the SBA

Of the total $1,570,000 loan amount, the SBA guaranteed $999,933.

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 16 employees. This SBA loan request did not indicate that the company promised to use the funding to hire new 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 Daytona Beach FL, you ought to talk with a local Daytona Beach SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Daytona Beach businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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.

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