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November 15, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Palatka, Business Loans > First Fed. Bank - No. Florida Palatka Business Loans > Full-Service Restaurants Loan | ||||
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I Need a Small Business Loan in Atlantic Beach, Florida
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Full-Service Restaurants LoansLooking for loans for full-service restaurants? The SBA may be the answer. This $483,000 full-service restaurants loan was issued by a Florida bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Atlantic Beach, Florida was able to borrow $483,000 from First Fed. Bank - No. Florida. The SBA made the loan possible by guaranteeing $362,250 of this Florida small business loan. SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender FIRST FED. BANK - NO. FLORIDA The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide 7A business loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 6/13/2003 Loan Approval Gross Amount $483,000 Loan Approval from the SBA Of the total $483,000 loan amount, the SBA guaranteed $362,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 8 employees. The SBA loan documents did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: Determining Proper Capital Structure for a Business Browse All Business Loan Sources for Florida
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