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November 14, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Fernandina Beach, Business Loans > First National Bank - Nassau Cnty Fernandina Beach Business Loans > Bed-And-Breakfast Inns Loan | ||||
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Tips for Small Business Owners On Getting a Loan
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Financing for Bed-and-Breakfast InnsLooking for loans for bed-and-breakfast inns? Talk to a banker who works with the SBA. This $1,110,000 bed-and-breakfast inns loan was issued by a Florida bank. Getting a small business loan in Fernandina Beach, Florida was important for this company back in 2001 and, based on their loan application, they were successful in getting an SBA loan from First National Bank - Nassau Cnty, operating out of Fernandina Beach, Florida. Here are the details on this Florida small business loan. SBA Loan Borrower COMPANY TYPE: BED-AND-BREAKFAST INNS SBA Loan Lender FIRST NATIONAL BANK - NASSAU CNTY This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721191 - Bed-and-Breakfast Inns Loan Approval Date 3/30/2001 Loan Approval Gross Amount $1,110,000 Loan Approval from the SBA Of the total $1,110,000 loan amount, the SBA guaranteed $832,500. 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 only one employee. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 1 existing job. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into First National Bank - Nassau Cnty and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: SBA 7A Banks for Fernandina Beach, Florida Loans
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