Newtek Small Business Finance Inc. SBA Loan to Eating Places Company
Searching for a Florida SBA loan? Here's one Florida business loan that was approved by the SBA.
This local small business knew how to go about getting a business bank loan. Based in Ft. Walton Beach, Florida, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Newtek Small Business Finance Inc., based in New York, New York.
SBA Loan Borrower
COMPANY TYPE: EATING PLACES
FT. WALTON BEACH, FL 32548
SBA Loan Lender
NEWTEK SMALL BUSINESS FINANCE INC.
1440 BROADWAY, 17TH FL.
NEW YORK, NY 10018
This SBA bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5812 - Eating Places
Loan Approval Date
9/14/2000
Loan Approval Gross Amount
$82,000
Loan Approval from the SBA
Of the total $82,000 loan amount, the SBA guaranteed $65,600.
More Information on This SBA Loan
The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 12 employees. The SBA loan documents did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans provide smart, affordable business financing for small businesses looking to expand.
This SBA loan was for $82,000. How would you spend $82,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.
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:
Determining Proper Capital Structure for a Business
SBA 7A Banks for New York, New York Loans
Find an SBA Lender in New York