Florida Entrepreneur Secures Financing to Buy Tijuana Fats Franchise

Borrowing money to invest in a Tijuana Fats franchise? First Comm. Bank - Florida has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Oviedo, Florida needed money to invest in a Tijuana Fats franchise back in 2006. First Comm. Bank - Florida issued an SBA franchise loan. Here are the details on this Florida small business loan.

SBA Loan Borrower

TIJUANA FLATS
OVIEDO, FL 32765

SBA Loan Lender

FIRST COMM. BANK - FLORIDA
3505 W LAKE MARY BLVD
LAKE MARY, FL 32746

This SBA loan was underwritten by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a complete analysis of the loan application and, in return, SBA provides a rapid loan approval or denial response.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

8/16/2006

Loan Approval Gross Amount

$380,000

Loan Approval from the SBA

Of the total $380,000 loan amount, the SBA guaranteed $285,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Tijuana Fats franchise. At the time of the loan, the company had 35 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

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

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First Comm. Bank - Florida had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First Comm. 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.

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