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November 15, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Fort Pierce, Business Loans > Riverside National Bank - Florida Fort Pierce Business Loans > Limited-Service Restaurants Loan | ||||
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Business Loan from Riverside National Bank - Florida
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Business Loan from Riverside National Bank - Florida Given to Limited-Service Restaurants CompanyAn SBA loan from Riverside National Bank - Florida typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Stuart, Florida business owner got a $250,000 loan. This growing company received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Riverside National Bank - Florida, out of Fort Pierce, Florida. The loan was granted and they received $250,000 to help grow their Stuart, Florida business. SBA Loan Borrower COMPANY TYPE: LIMITED-SERVICE RESTAURANTS SBA Loan Lender RIVERSIDE NATIONAL BANK - FLORIDA This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 12/8/2006 Loan Approval Gross Amount $250,000 Loan Approval from the SBA Of the total $250,000 loan amount, the SBA guaranteed $125,000. 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 4 employees. The loan application indicated that the loan would help generate 8 new jobs and retain 4 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide smart, affordable business financing for small businesses looking to expand. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Riverside National Bank - Florida are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Best Banks for Small Business in Fort Pierce, Florida Getting an SBA Loan in Florida
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