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November 21, 2024  
 
 
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Loan Census SBA Loan Info

Panama City, Florida Bank Gives SBA Loan to Hotels And Motels Company

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

Applying for an SBA loan with First National Bank N.W. Florida worked out well for our friends at one local firm in Tarpon Springs, Florida. The business was able to get an SBA loan for $545,000. Nice!

SBA Loan Borrower

COMPANY TYPE: HOTELS AND MOTELS
TARPON SPRINGS, FL 34689

SBA Loan Lender

FIRST NATIONAL BANK N.W. FLORIDA
101 E 23RD ST
PANAMA CITY, FL 32405

This SBA bank 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.

SIC Code

7011 - Hotels and Motels

NAICS Code

721191 - Bed-and-Breakfast Inns

Loan Approval Date

5/9/2005

Loan Approval Gross Amount

$545,000

Loan Approval from the SBA

Of the total $545,000 loan amount, the SBA guaranteed $408,750.

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

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a company in Tarpon Springs FL, you ought to talk with a local Tarpon Springs SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Tarpon Springs businesses.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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