Getting an SBA Loan for Marinas

With these SBA loans for marinas, the SBA guarantees the lender that the loan will be repaid. This marinas loan for $1,330,000 was given to a Florida entrepreneur in 2003.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Shalimar, Florida was able to borrow $1,330,000 from First Commun Bank - S.W. Florida. The SBA made the loan possible by guaranteeing $864,500 of this Florida small business loan.

SBA Loan Borrower

COMPANY TYPE: MARINAS
SHALIMAR, FL 32579

SBA Loan Lender

FIRST COMMUN BANK - S.W. FLORIDA
1565 RED CEDAR DR
FORT MYERS, FL 33907

This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

713930 - Marinas

Loan Approval Date

8/14/2003

Loan Approval Gross Amount

$1,330,000

Loan Approval from the SBA

Of the total $1,330,000 loan amount, the SBA guaranteed $864,500.

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 14 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First Commun Bank - S.W. Florida had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First Commun Bank - S.W. Florida made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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