South Corner USA LLC
South Corner USA LLC is located in Saint Augustine, FL, and the SBA lists its industry as Bed-and-Breakfast Inns. It was approved for an SBA 7(a) loan of $1,735,000 for a change of ownership on February 23, 2026.
SBA 7(a) loan, change of ownership, approved Feb 23, 2026
- Gross approval
- $1,735,000
- SBA-guaranteed amount
- $1,301,250 (75% of the approval)
- Lender
- Climate First Bank, St. Petersburg, FL
- Processing method
- Preferred Lender Program: lender approved under delegated SBA authority
- Initial interest rate
- 9.75%, variable
- Term
- 25 years (300 months)
- Estimated maturity
- February 23, 2051 (estimated, approval date plus term)
- Estimated monthly payment
- $15,461 Estimated payment at the initial rate over the full term; actual terms vary.
- First disbursement
- Apr 29, 2026
- Loan status
- Status not reported (SBA exemption)
- Jobs supported
- 4
- Business type
- LLC or partnership
- NAICS
- 721191, Bed-and-Breakfast Inns
- Project location
- Saint Johns County, FL
- SBA district office
- North Florida District Office
- Congressional district
- FL-04
- Collateral
- Yes
- Guaranteed portion sold on secondary market
- Yes
- Revolving line of credit
- No (term loan)
- Larger than 30% of acquisition loans in Bed-and-Breakfast Inns on this site.
- Average acquisition loan in Bed-and-Breakfast Inns: $2,626,570.
- Average acquisition loan in Florida: $1,808,559.
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
- Westcott House Bed & Breakfast Inn, St. Augustine
- Carriage Way Inn Bed & Breakfast, St. Augustine
- Sunny Day Stay Inc, Saint Petersburg
- Lucerne Partners LLC, Lake Worth Beach