Florida Citizens Bank Provides SBA Loan to Buy Po' Boys Creole Cafe Franchise

Need a loan to invest in a Po' Boys Creole Cafe franchise? Florida Citizens Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Gainesville, Florida needed money to invest in a Po' Boys Creole Cafe franchise back in 2003. Florida Citizens Bank issued an SBA franchise loan. Here are the details on this Florida small business loan.

SBA Loan Borrower

PO' BOYS CREOLE CAFE'
GAINESVILLE, FL 32608

SBA Loan Lender

FLORIDA CITIZENS BANK
3919 W NEWBERRY RD
GAINESVILLE, FL 32607

This lender issued this SBA loan under the SBA's 7A loan, 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

8/4/2003

Loan Approval Gross Amount

$291,600

Loan Approval from the SBA

Of the total $291,600 loan amount, the SBA guaranteed $218,700.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Po' Boys Creole Cafe franchise. At the time of the loan, the company had 35 employees. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

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 $291,600 loan. Remember, things become real when you believe you can achieve them!

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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