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May 3, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Palatka, Business Loans > First Fed. Bank - No. Florida Palatka Business Loans > Dick's Wings & Grill Loan | ||||
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Where to Get a Small Business Loan to Purchase a Franchise
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Atlantic Beach, FL Entrepreneur Gets SBA Loan to Buy Dick's Wings & Grill FranchiseNeed a loan to invest in a Dick's Wings & Grill franchise? First Fed. Bank - No. Florida has a history of making these loans and they are guaranteed by the SBA. If you live near Atlantic Beach, Florida and are interested in buying a Dick's Wings & Grill franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2003 by First Fed. Bank - No. Florida. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower DICK'S WINGS & GRILL SBA Loan Lender FIRST FED. BANK - NO. FLORIDA This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 9/30/2003 Loan Approval Gross Amount $229,000 Loan Approval from the SBA Of the total $229,000 loan amount, the SBA guaranteed $171,750. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Dick's Wings & Grill franchise. At the time of the loan, the company had 15 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Borrowing Money from Friends and Family Best Banks in Palatka, Florida Getting an SBA Loan in Florida
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