Firm Gets a Florida Bank Loan

Small business loans in Florida are hard to find these days. We take a look at one Florida small business loan, provided by a Florida bank, that was approved by the SBA.

You can learn something about getting a small business loan in Navarre, Florida by studying this loan to a local company, made back in 2001. Banks like First National Bank And Trust may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: BOAT DEALERS
NAVARRE, FL 32566

SBA Loan Lender

FIRST NATIONAL BANK AND TRUST
29 N EGLIN PKWY NE
FORT WALTON BEACH, FL 32548

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5551 - Boat Dealers

NAICS Code

441222 - Boat Dealers

Loan Approval Date

7/2/2001

Loan Approval Gross Amount

$70,000

Loan Approval from the SBA

Of the total $70,000 loan amount, the SBA guaranteed $59,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you want money for new small business in Navarre FL, you ought to talk with a local Navarre SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Navarre businesses.

We can help you find the best banks for small businesses in Navarre 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:

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Where to Get an SBA Loan in Fort Walton Beach, Florida

Getting an SBA Loan in Florida