Sawgrass Pet Resort to open in Ponte Vedra with financing from American Momentum Bank
Million-dollar loan will allow pet daycare and boarding facility to open first location
By: American Momentum Bank
American Momentum Bank's Small Business Administration (SBA) Division is financing the project with a $1.13-million-
"Procuring an SBA loan isn't easy and we were unaware of all that it encompassed when first looking at SBA funding," said Kate Wagner, owner of Sawgrass Pet Resort. "We talked to multiple lenders that were interested in funding the project, but ultimately chose American Momentum Bank because of their team. They offered a tremendous amount of guidance throughout the process and made it as smooth as possible."
The Wagners worked with Marge Cirillo at the Small Business Development Center, who ultimately connected them with American Momentum Bank. Jeannine M. Balanky, Vice President, SBA Business Development Officer for American Momentum Bank, and her team helped the Wagners navigate the SBA loan process.
"We're thrilled to partner with Sawgrass Pet Resorts on this new venture," said Balanky."The Wagners are passionate about animals and it shows in all that they do. We were honored to play a role in making this dream come true for their family."
Sawgrass Pet Resort broke ground on August 19. It is expected to open later this year.
About American Momentum Bank
American Momentum Bank, with total assets of $1.7 billion as of Jan. 31, 2019, provides comprehensive products and services for businesses and individuals. The bank has 10 full-service banking centers in Florida, including in Tampa, Clearwater, St. Petersburg, Sarasota, Naples, Orlando and Winter Garden, as well as a deposit production office in Ft. Myers. It also has 10 full-service Texas banking centers and a loan production office in Dallas. American Momentum's strong capitalization, superior asset quality and experienced management teams position it as one of the premier banks in each state. www.americanmomentum.bank