Loan Census Banking News and Information
May 7, 2024  
 
 
  Business Loan Information  
 

Good Banks for Boca Raton Businesses

 

 
Loan Census SBA Loan Info

Loan to Buy Moe's Sw Grill Franchise Issued By Flagler Bank

Need money to buy a Moe's Sw Grill franchise? Flagler Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Moe's Sw Grill franchise? If so, here's a 2004 SBA franchise loan that you should know about. Flagler Bank was the lender and the entrepreneur was based in Boca Raton, Florida.

SBA Loan Borrower

MOE'S SOUTHWEST GRILL
BOCA RATON, FL 33431

SBA Loan Lender

FLAGLER BANK
1801 FOREST HILL BLVD
WEST PALM BEACH, FL 33406

This bank 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

6/8/2004

Loan Approval Gross Amount

$283,500

Loan Approval from the SBA

Of the total $283,500 loan amount, the SBA guaranteed $212,625.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Moe's Sw Grill franchise. At the time of the loan, the company had 18 employees. The SBA loan application for the borrower did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

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 Boca Raton 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.

Related Links:

Moe's Southwest Grill

Business Cash Advances

Find an SBA Lender in West Palm Beach, Florida

SBA Participating Banks in Florida