First Priority Bank Provides SBA Loan to Buy R.J. Gator's Restaurant Franchise

Need a loan to invest in a R.J. Gator's Restaurant franchise? First Priority Bank has a history of making these loans and they are guaranteed by the SBA.

R.J. Gator's Restaurant franchise loans are available to Fort Myers, Florida entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First Priority Bank, based in Bradenton, Florida, issued an SBA franchise loan for a R.J. Gator's Restaurant franchise in 2006. We've got all the details on this Florida small business loan.

SBA Loan Borrower

QUICK DRAW ENTERPRISES I, LLC
FORT MYERS, FL 33913

SBA Loan Lender

FIRST PRIORITY BANK
4702 CORTEZ RD WEST
BRADENTON, FL 34210

This lender issued this commercial loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 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.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

9/1/2006

Loan Approval Gross Amount

$617,000

Loan Approval from the SBA

Of the total $617,000 loan amount, the SBA guaranteed $462,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a R.J. Gator's Restaurant franchise. At the time of the loan, the company had 75 employees. This SBA loan request did not indicate that the business promised to use the money to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $617,000 loan. Remember, you control your own destiny.

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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