Small Business Loans for Bed-and-Breakfast Inns

With these small business loans for bed-and-breakfast inns, the SBA guarantees the lender that the loan will be repaid. This bed-and-breakfast inns loan for $565,150 was given to a Florida entrepreneur in 2004.

Getting a small business loan in West Palm Beach, Florida was important for this growing firm back in 2004 and, based on their loan application, they were successful in getting an SBA loan from First National Bank N.W. Florida, operating out of Panama City, Florida. Here are the details on this Florida small business loan.

SBA Loan Borrower

COMPANY TYPE: HOTELS AND MOTELS
WEST PALM BEACH, FL 33407

SBA Loan Lender

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

This lender issued this bank loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

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

12/17/2004

Loan Approval Gross Amount

$565,150

Loan Approval from the SBA

Of the total $565,150 loan amount, the SBA guaranteed $423,863.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First National Bank N.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 National Bank N.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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