Ocean Bank Gives Business Loan to Eating Places Company

FloridaSmall business loans are available to Florida small business owners through the SBA. In this case, a Florida bank provides the loan.

You can learn something about getting a small business loan in Pembroke Pines, Florida by studying this loan to a local company, made back in 2003. Banks like Ocean Bank may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
PEMBROKE PINES, FL 33025

SBA Loan Lender

OCEAN BANK
780 NW 42ND AVE
MIAMI, FL 33126

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

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

7/7/2003

Loan Approval Gross Amount

$193,000

Loan Approval from the SBA

Of the total $193,000 loan amount, the SBA guaranteed $144,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 8 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

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

This SBA loan was for $193,000. How would you spend $193,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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