Fernandina Beach, Florida Lender Lends Money to Used Car Dealers Company

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

Applying for an SBA loan with First Coast Community Bank worked out well for our friends at one local firm in Yulee, Florida. They got an SBA loan for $354,300. Sweet!

SBA Loan Borrower

COMPANY TYPE: USED CAR DEALERS
YULEE, FL 32097

SBA Loan Lender

FIRST COAST COMMUNITY BANK
1750 S 14TH ST
FERNANDINA BEACH, FL 32034

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

441120 - Used Car Dealers

Loan Approval Date

5/8/2002

Loan Approval Gross Amount

$354,300

Loan Approval from the SBA

Of the total $354,300 loan amount, the SBA guaranteed $265,725.

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 indicated that the loan would help retain 2 existing jobs.

Next Steps for Getting an SBA Loan

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

This SBA loan was for $354,300. How would you spend $354,300 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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