Onward Reserve Seaside LLC
Onward Reserve Seaside LLC is a clothing and clothing accessories retailer located in Santa Rosa Beach, Florida. The company financed real estate or equipment through an SBA 504 loan with an SBA portion of $2,235,000, approved on December 9, 2024, with Renasant Bank as the lender and Florida First Capital Finance Corporation, Inc. as the certified development company.
SBA 504 loan, approved Dec 9, 2024
$2,235,000 SBA portionCDC: Florida First Capital Finance Corporation, Inc.25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $2,235,000
- Bank portion
- $2,575,000
- Estimated project size
- $5,344,444 (estimated)
- Estimated owner equity
- $534,444 (estimated, about 10% of the project)
- Bank lender
- Renasant Bank, Tupelo, MS
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- December 9, 2049 (estimated, approval date plus term)
- First disbursement
- Aug 13, 2025
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 26
- Business type
- Corporation
- NAICS
- 458110, Clothing and Clothing Accessories Retailers
- Project location
- Walton County, FL
- SBA district office
- North Florida District Office
- Congressional district
- FL-1
- Collateral
- Yes
Estimated share of project by source
Bank 48% SBA (CDC) 42% Owner 10%
- Larger than 79% of expansion loans in Clothing and Clothing Accessories Retailers on this site.
- Average expansion loan in Clothing and Clothing Accessories Retailers: $1,913,179.
- 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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