Louisville, KY Entrepreneur Gets SBA Loan to Buy R.J. Gators Franchise

Borrowing money to buy a R.J. Gators franchise? First Fed. Savings Bank - Elizab has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a R.J. Gators franchise shouldn't be overly burdensome. In 2007, First Fed. Savings Bank - Elizab issued an SBA franchise loan to an entrepreneur in Louisville, Kentucky. Because R.J. Gators was registered with the SBA's registry of franchises, this Kentucky small business loan was issued on an expedited basis.

SBA Loan Borrower

R.J. GATOR'S FLORIDA SEA GRILL
LOUISVILLE, KY 40242

SBA Loan Lender

FIRST FED. SAVINGS BANK - ELIZAB
2323 RING RD
ELIZABETHTOWN, KY 42701

This lender issued this debt financing under the SBA's 7(a) guaranteed loan 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

6/1/2007

Loan Approval Gross Amount

$656,792

Loan Approval from the SBA

Of the total $656,792 loan amount, the SBA guaranteed $492,594.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a R.J. Gators franchise. At the time of the loan, the company had 70 employees. The loan application indicated that the loan would help generate 70 new jobs.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

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 First Fed. Savings Bank - Elizab 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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