• Facebook
  • Youtube
  • Twitter
  • LinkedIn
  • Flickr
  • Slideshare
  • Rss
  • Donate
  • Subscribe
SBDC Tampa Bay
  • Home
  • Solutions
    • Certifications
      • Business Certifications
      • Minority-Owned Business
      • Woman-Owned Business
      • Veteran-Owned Business
    • Consulting & Training
      • Training
      • Training Calendar
      • Consulting
      • Schedule a Consultant
    • Business Solutions
      • Growth Acceleration
      • Government Contracting
      • International Trade
      • Starting Your Business
      • Disaster Preparedness
      • Student Teams
      • Organizational Development
  • Resources
    • Business Resources
    • Frequently Asked Questions
  • Insights
    • Blog
    • Media Inquiries
  • About Us
    • Mission / Vision
    • Consultants
    • Meet the Staff
    • Meet Our Clients
    • Partners / Affiliates
  • Training
    • Training Calendar
    • On-Demand Training
  • Results
    • Success Stories
    • Economic Impact
  • Locations
    • Tampa
    • Hillsborough
    • Hernando County
    • Pinellas County
    • Highlands, Hardee, DeSoto
    • Polk County
    • Manatee
    • Sarasota
  • Contact
  • Schedule a Consultant
  • Search
  • Menu Menu
Blog

Citrus Grove Stays Afloat with Bridge Loan

Featured News, Success Stories

7 S Bar of Polk County

7 S Bar7 S Bar, located in Fort Meade, is a citrus and vegetable business operated by James Parker. Like many other citrus growers in the state of Florida, approximately 50 percent of the crop was wiped out in the aftermath of the hurricane. Parker, in an effort to keep the groves operating until the next crop could be cultivated, decided to apply for a State of Florida Emergency Bridge Loan with the assistance of the Florida SBDC at University of South Florida.

When asked about his experience with the storm and the assistance received, Parker recalled:

What type of damage occurred?
Most of the damage was with the citrus and we figure we lost 50 percent of the orange crop with the hurricane. They were on the ground. Right through the center of state where we’re at was the worst. The price of citrus is good but we don’t have any – well we’ve got 50 percent.

How will the Bridge Loan help?
I’m gonna use it to buy materials and fertilizers and labor for the grove until we can produce a crop, which will be a year from now.

How was the Florida SBDC at USF helpful during this process?
Carl was very good…it was a long deal to get it but you gotta keep going.

Share this entry
  • Share on Facebook
  • Share on Twitter
  • Share on LinkedIn
  • Share by Mail
https://sbdctampabay.com/wp-content/uploads/2018/03/7-S-Bar-Pic.jpg 1080 887 admin /wp-content/uploads/2021/10/Locked-Host-Logos-Horizontal-USF-Small-e1635274663378.png admin2018-03-31 01:27:112021-12-15 02:32:22Citrus Grove Stays Afloat with Bridge Loan
Subscribe to Newsletter

Categories

  • Business Essentials
  • Business Plans
  • Buying a Business
  • Certifications
  • COVID-19
  • Crowdfunding
  • Disaster Preparedness
  • Economic Development
  • Finance
  • Government Contracting
  • Growing Your Business
  • Healthcare
  • Human Resources
  • International Trade
  • Marketing
  • Press Releases
  • Radio and Podcast
  • Starting a Business
  • Success Stories
  • Success Stories Videos
  • Tech Commercialization/Tech Transfer
  • Veteran
  • Web and Social Media

Contact Us

Regional Office Contact Info

USF CONNECT
3802 Spectrum Blvd., Suite 201
Tampa, FL 33612

813-396-2700

Subscribe to Our Newsletter

Florida SBDC Network

The Florida SBDC at the University of South Florida is a member of the Florida SBDC Network, a statewide partnership program nationally accredited by the Association of America’s SBDCs and funded in part by the U.S. Small Business Administration, Defense Logistics Agency, State of Florida, and other private and public partners, with the University of West Florida serving as the network’s lead host institution. Florida SBDC services are extended to the public on a nondiscriminatory basis. Language assistance services are available for limited English proficient individuals.

Logos

Business Assistance

USFMuma

State Designated as Florida’s Principal Provider of Business Assistance [§ 288.01, Fla. Stat.]

© Florida SBDC at USF | contact webmaster
Statewide Grove Recouping with Bridge LoanStory GroveRadioWWJB Radio Segment
Scroll to top