Get an SBA Loan for Bed-and-Breakfast Inns

Looking for small business loans for bed-and-breakfast inns? An SBA loan may be just what you've been looking for. This $1,045,200 bed-and-breakfast inns loan was issued by a Florida bank.

Getting a small business loan in Gainesville, Florida was important for this growing firm back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Merchants & Southern Bank, operating out of Gainesville, Florida. Here are the details on this Florida small business loan.

SBA Loan Borrower

COMPANY TYPE: BED-AND-BREAKFAST INNS
GAINESVILLE, FL 32601

SBA Loan Lender

MERCHANTS & SOUTHERN BANK
2040 NW 67TH PL
GAINESVILLE, FL 32653

This SBA bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721191 - Bed-and-Breakfast Inns

Loan Approval Date

10/17/2005

Loan Approval Gross Amount

$1,045,200

Loan Approval from the SBA

Of the total $1,045,200 loan amount, the SBA guaranteed $783,900.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Merchants & Southern Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

SBIR Funding

SBA 7A Banks in Gainesville, Florida

Find an SBA Lender in Florida