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December 21, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Port Charlotte, Business Loans > Charlotte State Bank Port Charlotte Business Loans > Woody's Bar-B-Q Loan | ||||
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Charlotte State Bank SBA Franchise Loans
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Charlotte State Bank Provides SBA Loan to Buy Woody's Barbecue FranchiseNeed money to purchase a Woody's Barbecue franchise? Charlotte State Bank has a history of making these loans and they are guaranteed by the SBA. If you live near Port Charlotte, Florida and are interested in buying a Woody's Barbecue franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2002 by Charlotte State Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower WOODY'S BAR-B-Q SBA Loan Lender CHARLOTTE STATE BANK At the time this loan was granted, the lender was part of the SBA's Certified Lenders Program (CLP). This program aims to offer expeditious service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision. 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 11/15/2002 Loan Approval Gross Amount $465,000 Loan Approval from the SBA Of the total $465,000 loan amount, the SBA guaranteed $348,750. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Woody's Barbecue franchise. At the time of the loan, the company had 35 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Charlotte State Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Obtaining Funding - Getting Venture Capital Find an SBA Lender in Port Charlotte, Florida
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