Borrowing Money for Continuing Care Retirement Communities
Looking for small business loans for continuing care retirement communities? Try the SBA. This $431,000 continuing care retirement communities loan was issued by a Florida bank.
Getting a small business loan in Jacksonville, 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 Coast Community Bank, operating out of Fernandina Beach, Florida. Here are the details on this Florida small business loan.
SBA Loan Borrower
COMPANY TYPE: CONTINUING CARE RETIREMENT COMMUNITIES
JACKSONVILLE, FL 32277
SBA Loan Lender
FIRST COAST COMMUNITY BANK
1750 S 14TH ST
FERNANDINA BEACH, FL 32034
This SBA 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
623311 - Continuing Care Retirement Communities
Loan Approval Date
8/30/2001
Loan Approval Gross Amount
$431,000
Loan Approval from the SBA
Of the total $431,000 loan amount, the SBA guaranteed $323,250.
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 26 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
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 $431,000 loan. Remember, feel the fear, and do it anyway.
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:
Obtaining Funding - Getting Venture Capital
SBA Participating Banks in Fernandina Beach, Florida
SBA Participating Banks in Florida