Loans for Sporting Goods Stores

With these loans for sporting goods stores, the SBA guarantees the lender that the loan will be repaid. This sporting goods stores loan for $100,000 was given to a Florida entrepreneur in 2004.

Getting a small business loan in Fernandina Beach, Florida was important for this growing firm back in 2004 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: SPORTING GOODS STORES
FERNANDINA BEACH, FL 32034

SBA Loan Lender

FIRST NATIONAL BANK - NASSAU CNTY
1891 S 14TH ST
FERNANDINA BEACH, FL 32034

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

451110 - Sporting Goods Stores

Loan Approval Date

8/31/2004

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

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 only one employee. The loan application indicated that the funding would help generate 3 new jobs.

Getting an SBA Loan For Your 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.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

The Friends and Family Network

Where to Get an SBA Loan in Fernandina Beach, Florida

Where to Get an SBA Loan Florida