Kentucky Entrepreneur Secures Financing to Buy Beef O'Brady's Franchise

Need money to invest in a Beef O'Brady's franchise? Fifth Third Bank has a history of making these loans and they are guaranteed by the SBA.

Beef O'Brady's franchise loans are available to Lexington, Kentucky entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Fifth Third Bank, based in Grand Rapids, Michigan, issued an SBA franchise loan for a Beef O'Brady's franchise in 2006. We've got all the details on this Kentucky small business loan.

SBA Loan Borrower

BEEF O'BRADY'S
LEXINGTON, KY 40511

SBA Loan Lender

FIFTH THIRD BANK
111 LYON ST NW
GRAND RAPIDS, MI 49503

This bank loan was underwritten by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a comprehensive analysis of the loan application and, in return, SBA provides a quick answer on whether the loan qualifies.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

12/7/2006

Loan Approval Gross Amount

$427,600

Loan Approval from the SBA

Of the total $427,600 loan amount, the SBA guaranteed $320,700.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Beef O'Brady's franchise. At the time of the loan, the company had 25 employees. The loan application did not indicate that the company planned to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

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SBA Participating Banks in Grand Rapids, Michigan

Getting a Business Loan in Michigan