Loan to Buy Checkers Drive-In Restaurant Franchise Issued By Rbc Centura Bank

Borrowing money to purchase a Checkers Drive-In Restaurant franchise? Rbc Centura Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Naples, Florida needed money to invest in a Checkers Drive-In Restaurant franchise back in 2000. Rbc Centura Bank issued an SBA franchise loan. Here are the details on this Florida small business loan.

SBA Loan Borrower

CHECKERS
NAPLES, FL 34120

SBA Loan Lender

RBC CENTURA BANK
2875 PGA BLVD, STE 200
PALM BEACH GARDENS, FL 33410

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5813 - Drinking Places

NAICS Code

722410 - Drinking Places

Loan Approval Date

3/24/2000

Loan Approval Gross Amount

$740,000

Loan Approval from the SBA

Of the total $740,000 loan amount, the SBA guaranteed $555,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Checkers Drive-In Restaurant franchise. At the time of the loan, the company had 10 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

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.

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