Florida Entrepreneur Secures Financing to Buy Houlihan Restaurant Franchise

Need money to invest in a Houlihan Restaurant franchise? Pnc Bank, National Association has a history of making these loans and they are guaranteed by the SBA.

Houlihan Restaurant franchise loans are available to Tampa, Florida entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Pnc Bank, National Association, based in Pittsburgh, Pennsylvania, issued an SBA franchise loan for a Houlihan Restaurant franchise in 2005. We've got all the details on this Florida small business loan.

SBA Loan Borrower

RADIANT-TAMPA RESTAURANTS I LL
TAMPA, FL 33618

SBA Loan Lender

PNC BANK, NATIONAL ASSOCIATION
249 FIFTH AVE
PITTSBURGH, PA 15222

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

9/20/2005

Loan Approval Gross Amount

$1,313,600

Loan Approval from the SBA

Of the total $1,313,600 loan amount, the SBA guaranteed $985,200.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Houlihan Restaurant franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help generate 14 new jobs and retain 15 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

We can help you find the best banks for small businesses in Tampa 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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