Business Loan from Northern Trust Given to Eating Places Company

An SBA loan from Northern Trust typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Pembroke Pines, Florida business owner got a $200,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Pembroke Pines, Florida was able to borrow $200,000 from Northern Trust. The SBA made the loan possible by guaranteeing $150,000 of this Florida small business loan.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
PEMBROKE PINES, FL 33025

SBA Loan Lender

NORTHERN TRUST
700 BRICKELL AVE
MIAMI, FL 33131

This lender issued this SBA bank loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

711110 - Theater Companies and Dinner Theaters

Loan Approval Date

9/6/2002

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

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 2 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to add 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.

We can help you find the best banks for small businesses in Pembroke Pines or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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