Ponte Vedra Bch., Florida Entrepreneur Gets an SBA Loan
FloridaSBA loans are available to Florida entrepreneurs through the SBA. In this case, a Georgia bank provides the loan.
By giving the right information to Ameris Bank, this Ponte Vedra Bch., Florida business was able to get an SBA loan. To get this loan, the applying company gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back.
SBA Loan Borrower
COMPANY TYPE: EATING PLACES
PONTE VEDRA BCH., FL 32082
SBA Loan Lender
AMERIS BANK
2509 OSBORNE RD
SAINT MARYS, GA 31558
This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5812 - Eating Places
NAICS Code
722110 - Full-Service Restaurants
Loan Approval Date
5/17/2001
Loan Approval Gross Amount
$85,000
Loan Approval from the SBA
Of the total $85,000 loan amount, the SBA guaranteed $72,250.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for 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 business promised to use the loan proceeds to increase staffing levels or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
If you are working on finding money to start a business in Ponte Vedra Bch. FL, you ought to talk with a local Ponte Vedra Bch. SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Ponte Vedra Bch. businesses.
We can help you find the best banks for small businesses in Ponte Vedra Bch. 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.
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