Main Street Registry

Westcott House Bed & Breakfast Inn

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

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
CDC
Florida Business Development Corporation
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