Hotels and Motels Bank Loans

Looking for bank loans for hotels and motels? The SBA may be the answer. This $1,593,000 hotels and motels loan was issued by a Florida bank.

This company received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with First Coast Community Bank, out of Fernandina Beach, Florida. The loan was granted and they received $1,593,000 to help grow their Fernandina Beach, Florida business.

SBA Loan Borrower

COMPANY TYPE: HOTELS AND MOTELS
FERNANDINA BEACH, FL 32034

SBA Loan Lender

FIRST COAST COMMUNITY BANK
1750 S 14TH ST
FERNANDINA BEACH, FL 32034

This lender issued this small business loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

12/17/2007

Loan Approval Gross Amount

$1,593,000

Loan Approval from the SBA

Of the total $1,593,000 loan amount, the SBA guaranteed $1,194,750.

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 4 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $1,593,000 loan. Remember, you control your own destiny.

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:

Find Start-Up Capital

Find an SBA Lender in Fernandina Beach, Florida

Florida SBA 7A Lenders