Casselberry, FL Entrepreneur Gets SBA Loan to Buy Beef O'Brady's Franchise
Need money to buy a Beef O'Brady's franchise? Orlando National Bank has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Casselberry, Florida needed money to invest in a Beef O'Brady's franchise back in 2002. Orlando National Bank issued an SBA franchise loan. Here are the details on this Florida small business loan.
SBA Loan Borrower
BEEF O'BRADY'S WINTER PARK
CASSELBERRY, FL 32707
SBA Loan Lender
ORLANDO NATIONAL BANK
502 N HWY 17-92
LONGWOOD, FL 32750
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 SBA bank 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
12/6/2002
Loan Approval Gross Amount
$244,000
Loan Approval from the SBA
Of the total $244,000 loan amount, the SBA guaranteed $183,000.
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 26 employees. The SBA loan documents did not indicate that the business planned to use the money to add employees or retain any existing employees.
Getting an SBA Loan For Your Business
If you need money to start a business or need money for an existing business, an SBA loan can be a great way to raise money
While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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.
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