Main Street Registry

Escape Coastal Resort and Marina

Nokomis, FL · Hotels (except Casino Hotels) and Motels · NAICS 721110

Escape Coastal Resort and Marina is a hotel, motel, or resort business located in Nokomis, Florida, classified under the industry Hotels (except Casino Hotels) and Motels (NAICS 721110). The business financed real estate or equipment through an SBA 504 loan with an SBA portion of $2,693,000, approved July 24, 2025, through the lender ServisFirst Bank and the certified development company Florida Business Development Corporation.

SBA 504 loan, approved Jul 24, 2025

$2,693,000 SBA portionCDC: Florida Business Development Corporation25 years termStatus not reported (SBA exemption)Loan details
SBA (CDC) portion
$2,693,000
Bank portion
$4,386,000
Estimated project size
$7,865,556 (estimated)
Estimated owner equity
$786,556 (estimated, about 10% of the project)
Bank lender
ServisFirst Bank, Birmingham, AL
CDC
Florida Business Development Corporation
Processing method
Accredited Lenders Program: CDC with an expedited SBA review
Term
25 years (300 months)
Estimated maturity
July 24, 2050 (estimated, approval date plus term)
First disbursement
Jun 17, 2026
Loan status
Status not reported (SBA exemption)
Jobs supported
2
Business type
Corporation
NAICS
721110, Hotels (except Casino Hotels) and Motels
Project location
Sarasota County, FL
SBA district office
South Florida District Office
Congressional district
FL-17
Collateral
Yes

Estimated share of project by source

Bank 56% SBA (CDC) 34% Owner 10%

  • Larger than 54% of expansion loans in Hotels (except Casino Hotels) and Motels on this site.
  • Average expansion loan in Hotels (except Casino Hotels) and Motels: $2,843,226.
  • 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