Coral Springs, FL Entrepreneur Gets SBA Loan to Buy Shane's Rib Shack Franchise

Need a loan to invest in a Shane's Rib Shack franchise? Community W. Bank has a history of making these loans and they are guaranteed by the SBA.

Shane's Rib Shack franchise loans are available to Coral Springs, Florida entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Community W. Bank, based in Goleta, California, issued an SBA franchise loan for a Shane's Rib Shack franchise in 2006. We've got all the details on this Florida small business loan.

SBA Loan Borrower

SHANE'S RIB SHACK
CORAL SPRINGS, FL 33076

SBA Loan Lender

COMMUNITY W. BANK
5827 HOLLISTER AVE
GOLETA, CA 93117

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

11/9/2006

Loan Approval Gross Amount

$449,500

Loan Approval from the SBA

Of the total $449,500 loan amount, the SBA guaranteed $337,125.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Shane's Rib Shack franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help generate 20 new jobs and retain 1 existing job.

Getting an SBA Loan For Your Business

SBA loans provide money to small business owners for working capital for other expenses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Community W. Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Shane's Rib Shack

Obtaining Funding - Getting Venture Capital

Good Banks for Small Business in Goleta, California

Getting an SBA Loan in California