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December 22, 2024  
 
 
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Loan Census SBA Loan Info

Pensacola, Florida Bank Lends Money to Amusement And Theme Parks Company in Pensacola, Florida

Want to talk with a Pensacola, Florida bank about an SBA loan? Here's one Florida business loan, issued by a Pensacola bank, that was approved by the SBA.

Applying for an SBA loan with Gulf Coast Community Bank worked out well for our friends at one local company in Pensacola, Florida. They got an SBA loan for $1,691,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: AMUSEMENT AND THEME PARKS
PENSACOLA, FL 32505

SBA Loan Lender

GULF COAST COMMUNITY BANK
40 N PALAFOX ST
PENSACOLA, FL 32502

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

713110 - Amusement and Theme Parks

Loan Approval Date

7/13/2004

Loan Approval Gross Amount

$1,691,000

Loan Approval from the SBA

Of the total $1,691,000 loan amount, the SBA guaranteed $1,268,250.

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 78 employees. The loan application did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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:

Understanding Dilution

Banks in Pensacola, Florida

SBA Florida Lenders