Jacksonville, Florida Entrepreneur Gets a Small Business Loan

Bank loans in Florida are tough to come by these days. We take a look at one Florida bank loan, provided by a Florida bank, that was approved by the SBA.

This business, based in Jacksonville, Florida, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from First National Bank N.W. Florida. We've got the inside scoop on this Florida small business loan.

SBA Loan Borrower

COMPANY TYPE: WOOD PARTITIONS AND FIXTURES
JACKSONVILLE, FL 32204

SBA Loan Lender

FIRST NATIONAL BANK N.W. FLORIDA
101 E 23RD ST
PANAMA CITY, FL 32405

This loan for a small business was provided by financing institution with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan requests to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2541 - Wood Partitions and Fixtures

Loan Approval Date

6/27/2000

Loan Approval Gross Amount

$325,000

Loan Approval from the SBA

Of the total $325,000 loan amount, the SBA guaranteed $243,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 15 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are working on finding money to start a business in Jacksonville FL, you ought to talk with a local Jacksonville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Jacksonville businesses.

We can help you find the best banks for small businesses in Jacksonville or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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

Good Banks for Small Business in Panama City, Florida

Where to Get an SBA Loan Florida