Loan to Buy Beef O'Brady's Franchise Issued By Community Bank Of Manatee

Need a loan to buy a Beef O'Brady's franchise? Community Bank Of Manatee has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Beef O'Brady's franchise shouldn't be too tough. In 2002, Community Bank Of Manatee issued an SBA franchise loan to an entrepreneur in Bradenton, Florida. Because Beef O'Brady's was registered with the SBA's registry of franchises, this Florida small business loan was issued on an expedited basis.

SBA Loan Borrower

BEEF O'BRADY'S
BRADENTON, FL 34209

SBA Loan Lender

COMMUNITY BANK OF MANATEE
6000 SR 70 EAST
BRADENTON, FL 34203

This lender issued this SBA small business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

10/18/2002

Loan Approval Gross Amount

$340,400

Loan Approval from the SBA

Of the total $340,400 loan amount, the SBA guaranteed $255,300.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Beef O'Brady's franchise. At the time of the loan, the company had 22 employees. The loan application did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you need money to start a small business or already have a business and need money to expand, an SBA loan can be a great source of funding.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

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Accountant's Role in Securing Financing

SBA Banks in Bradenton, Florida

SBA Florida Lenders