Jacksonville, FL Entrepreneur Gets SBA Loan to Buy Woody's Barbecue Franchise

Need money to buy a Woody's Barbecue franchise? Amer Enter. Bank - Florida has a history of making these loans and they are guaranteed by the SBA.

Woody's Barbecue franchise loans are available to Jacksonville, Florida entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Amer Enter. Bank - Florida, based in Jacksonville, Florida, issued an SBA franchise loan for a Woody's Barbecue franchise in 2006. We've got all the details on this Florida small business loan.

SBA Loan Borrower

WOODY'S BAR-B-Q
JACKSONVILLE, FL 32073

SBA Loan Lender

AMER ENTER. BANK - FLORIDA
4655 SALISBURY RD, STE 100
JACKSONVILLE, FL 32256

At the time this loan was granted, this bank was part of the SBA's Certified Lenders Program (CLP). This program is designed to offer rapid service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

10/31/2006

Loan Approval Gross Amount

$161,000

Loan Approval from the SBA

Of the total $161,000 loan amount, the SBA guaranteed $120,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Woody's Barbecue franchise. At the time of the loan, the company had 21 employees. The SBA loan documents did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees.

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

If you are interested in getting money to start a business or already have a business and need money to expand, an SBA loan can be a great way to raise money

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Amer Enter. Bank - Florida and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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