Fort Walton Beach, Florida Bank Gives SBA Loan to Airports, Flying Fields, And Terminal Services Company

Thinking about meeting with a Fort Walton Beach, Florida bank about a business loan? Here's one Florida business loan, issued by a Fort Walton Beach bank, that was approved by the SBA.

Applying for an SBA loan with First National Bank And Trust worked out well for our friends at one local company in De Funiak Springs, Florida. They received an SBA loan for $30,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: AIRPORTS, FLYING FIELDS, AND TERMINAL SERVICES
DE FUNIAK SPRINGS, FL 32433

SBA Loan Lender

FIRST NATIONAL BANK AND TRUST
29 N EGLIN PKWY NE
FORT WALTON BEACH, FL 32548

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4581 - Airports, Flying Fields, and Terminal Services

NAICS Code

488190 - Support Activities for Air Transportation

Loan Approval Date

4/30/2001

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $25,500.

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 only one employee. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First National Bank And Trust 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:

Business Incubators

SBA 7A Lenders in Fort Walton Beach, Florida

Getting an SBA Loan in Florida