Westcott House Bed & Breakfast Inn
Westcott House Bed & Breakfast Inn, located in St. Augustine, Florida, operates in the bed-and-breakfast inns industry. The company financed real estate or equipment through an SBA 504 loan of $1,595,000, with TowneBank as the lender and Florida Business Development Corporation as the certified development company, approved on January 23, 2026.
SBA 504 loan, approved Jan 23, 2026
$1,595,000 SBA portionCDC: Florida Business Development Corporation25 years termStatus not reported (SBA exemption)Loan details
- SBA (CDC) portion
- $1,595,000
- Bank portion
- $1,526,000
- Estimated project size
- $3,467,778 (estimated)
- Estimated owner equity
- $346,778 (estimated, about 10% of the project)
- Bank lender
- TowneBank, Portsmouth, VA
- Processing method
- 504 Refinancing: refinances existing business debt
- Term
- 25 years (300 months)
- Estimated maturity
- January 23, 2051 (estimated, approval date plus term)
- First disbursement
- Jun 17, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- 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 44% SBA (CDC) 46% Owner 10%
- Larger than 65% 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
- South Corner USA LLC, Saint Augustine
- Carriage Way Inn Bed & Breakfast, St. Augustine
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- Lucerne Partners LLC, Lake Worth Beach