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December 20, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Fort Pierce, Business Loans > Riverside National Bank - Florida Fort Pierce Business Loans > Obee's Subs Loan | ||||
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Where to Get a Bank Loan to Purchase a Franchise
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Riverside National Bank - Florida Provides SBA Loan to Buy Obee's Soup Salad Subs FranchiseNeed money to purchase an Obee's Soup Salad Subs franchise? Riverside National Bank - Florida has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Melbourne, Florida needed money to invest in an Obee's Soup Salad Subs franchise back in 2003. Riverside National Bank - Florida issued an SBA franchise loan. Here are the details on this Florida small business loan. SBA Loan Borrower OBEE'S SUBS SBA Loan Lender RIVERSIDE NATIONAL BANK - FLORIDA This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 4/2/2003 Loan Approval Gross Amount $96,000 Loan Approval from the SBA Of the total $96,000 loan amount, the SBA guaranteed $81,600. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy an Obee's Soup Salad Subs franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business If you need money to start a business or need money to grow a business, an SBA loan can be a great funding source The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Riverside National Bank - Florida had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Riverside National Bank - Florida made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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 Best Banks in Fort Pierce, Florida
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