Loan to Buy Beef O'Brady's Franchise Issued By Southern Comm. Bank

Borrowing money to invest in a Beef O'Brady's franchise? Southern Comm. Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Beef O'Brady's franchise? If so, here's a 2001 SBA franchise loan that you should know about. Southern Comm. Bank was the lender and the entrepreneur was based in Wesley Chapel, Florida.

SBA Loan Borrower

BEEF O BRADY'S OF WESLEY CHAPE
WESLEY CHAPEL, FL 33543

SBA Loan Lender

SOUTHERN COMM. BANK
5650 BRECKENRIDGE PARK DR, ST
TAMPA, FL 33610

This lender issued this particular SBA small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

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

1/22/2001

Loan Approval Gross Amount

$120,000

Loan Approval from the SBA

Of the total $120,000 loan amount, the SBA guaranteed $102,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Beef O'Brady's franchise. At the time of the loan, the company had 25 employees. This SBA loan request did not indicate that the business promised to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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