Loan to Buy Huddle House Franchise Issued By First Coast Community Bank

Need a loan to purchase a Huddle House franchise? First Coast Community Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Huddle House franchise? If so, here's a 2000 SBA franchise loan that you should know about. First Coast Community Bank was the lender and the entrepreneur was based in Palatka, Florida.

SBA Loan Borrower

HUDDLE HOUSE
PALATKA, FL 32177

SBA Loan Lender

FIRST COAST COMMUNITY BANK
1750 S 14TH ST
FERNANDINA BEACH, FL 32034

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

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

4/19/2000

Loan Approval Gross Amount

$750,000

Loan Approval from the SBA

Of the total $750,000 loan amount, the SBA guaranteed $398,527.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Huddle House franchise. At the time of the loan, the company had 35 employees. The SBA loan application for the borrower indicated that the loan would help retain 15 existing jobs.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Huddle House, Inc.

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SBA 7A Banks for Fernandina Beach, Florida Loans

SBA Lenders in Florida