Cleveland, Ohio Lender Lends Money to Eating Places Company

Want to talk with a Cleveland, Ohio bank about a business loan? Here's one Florida business loan, issued by a Cleveland bank, that was approved by the SBA.

Applying for an SBA loan with National City Bank worked out well for our friends at one local firm in Palm Beach Gardens, Florida. The business was able to get an SBA loan for $878,516. Way to go!

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
PALM BEACH GARDENS, FL 33418

SBA Loan Lender

NATIONAL CITY BANK
1900 E 9TH ST
CLEVELAND, OH 44114

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide small business loans to to our country's hard-working small business owners.

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

4/13/2001

Loan Approval Gross Amount

$878,516

Loan Approval from the SBA

Of the total $878,516 loan amount, the SBA guaranteed $658,887.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 100 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $878,516 loan. Remember, things become real when you believe you can achieve them!

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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