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November 22, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Fernandina Beach, Business Loans > First National Bank - Nassau Cnty Fernandina Beach Business Loans > Zaxby's, Amelia Island Loan | ||||
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Tips for Borrowing Money to Buy a Franchise
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Fernandina Beach, FL Entrepreneur Gets SBA Loan to Buy Zaxby's FranchiseNeed a loan to buy a Zaxby's franchise? First National Bank - Nassau Cnty has a history of making these loans and they are guaranteed by the SBA. Zaxby's franchise loans are available to Fernandina Beach, Florida entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First National Bank - Nassau Cnty, based in Fernandina Beach, Florida, issued an SBA franchise loan for a Zaxby's franchise in 2000. We've got all the details on this Florida small business loan. SBA Loan Borrower ZAXBY'S, AMELIA ISLAND SBA Loan Lender FIRST NATIONAL BANK - NASSAU CNTY 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 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. SIC Code 5812 - Eating Places Loan Approval Date 8/10/2000 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $150,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Zaxby's franchise. At the time of the loan, the company had 55 employees. The loan application did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First National Bank - Nassau Cnty that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Small Business Banks in Fernandina Beach, Florida
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