Main Street Registry

Carriage Way Inn Bed & Breakfast

St. Augustine, FL · Bed-and-Breakfast Inns · NAICS 721191

Carriage Way Inn Bed & Breakfast, located in St. Augustine, Florida, operates in the bed-and-breakfast inns industry. The business financed real estate or equipment through an SBA 504 loan with an SBA portion of $1,155,000, approved on October 22, 2024, by TowneBank with Florida First Capital Finance Corporation, Inc. as the certified development company.

SBA 504 loan, approved Oct 22, 2024

$1,155,000 SBA portionCDC: Florida First Capital Finance Corporation, Inc.25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$1,155,000
Bank portion
$2,350,000
Estimated project size
$3,894,444 (estimated)
Estimated owner equity
$389,444 (estimated, about 10% of the project)
Bank lender
TowneBank, Portsmouth, VA
CDC
Florida First Capital Finance Corporation, Inc.
Processing method
504 Refinancing: refinances existing business debt
Term
25 years (300 months)
Estimated maturity
October 22, 2049 (estimated, approval date plus term)
First disbursement
Apr 16, 2025
Loan status
Status not reported (SBA exemption)
Jobs supported
14
Business type
Corporation
NAICS
721191, Bed-and-Breakfast Inns
Project location
Saint Johns County, FL
SBA district office
North Florida District Office
Congressional district
FL-4
Collateral
Yes

Estimated share of project by source

Bank 60% SBA (CDC) 30% Owner 10%

  • Larger than 29% of expansion loans in Bed-and-Breakfast Inns on this site.
  • Average expansion loan in Bed-and-Breakfast Inns: $1,456,765.
  • Average expansion loan in Florida: $2,058,496.

Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.

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Same industry in Florida