Grant & Loan Awards: Macon County
Macon County
ESB Fund: $50,000
Awarded: 03/14/2006
Applicant: Flag Bank (Floyd's Fiberglass)
Description:
ESB loan guarantee to support Floyd’s Fiberglass, Inc., a boat manufacturer located in Montezuma, GA. John Floyd, Owner, started this business at an incubator at South Georgia Technical College. Floyd's will produce 42 Lancer Boats (small fiberglass boats) for the first year. The second year projection is 60 boats and the third year projection is 100 boats. They are also anticipating the start up production of small fiberglass planes at the new facility. Flag Bank in Montezuma is the lender.
Total Budgeted Project Cost: $100,000