Entrepreneur Works With Jacksonville Beach, Florida Bank to Get an SBA Loan

Get business loans from a Jacksonville Beach, Florida bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too.

Capitalsouth Bank is a Jacksonville Beach, Florida small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Florida company.

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
PONTE VEDRA, FL 32082

SBA Loan Lender

CAPITALSOUTH BANK
3288 S THIRD ST
JACKSONVILLE BEACH, FL 32250

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

9/13/2001

Loan Approval Gross Amount

$352,200

Loan Approval from the SBA

Of the total $352,200 loan amount, the SBA guaranteed $264,150.

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 17 employees. This SBA loan request indicated that the loan would help generate 23 new jobs and retain 40 existing jobs.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This SBA loan was for $352,200. How would you spend $352,200 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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.

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