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May 6, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Greenville, Business Loans > Transamerica Small Business Capita Greenville Business Loans > Tri City Beef O Bradys Loan | ||||
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Advice for Getting a Franchise Loan
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Clearwater, FL Entrepreneur Gets SBA Loan to Buy Beef O'Brady's FranchiseNeed a loan to buy a Beef O'Brady's franchise? Transamerica Small Business Capita has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Clearwater, Florida needed money to invest in a Beef O'Brady's franchise back in 2000. Transamerica Small Business Capita issued an SBA franchise loan. Here are the details on this Florida small business loan. SBA Loan Borrower TRI CITY BEEF O BRADYS SBA Loan Lender TRANSAMERICA SMALL BUSINESS CAPITA As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places Loan Approval Date 2/23/2000 Loan Approval Gross Amount $294,000 Loan Approval from the SBA Of the total $294,000 loan amount, the SBA guaranteed $220,500. 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 2 employees. This SBA loan request indicated that the loan would help generate 18 new jobs and retain 2 existing jobs. Getting an SBA Loan For Your Business Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Transamerica Small Business Capita had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Transamerica Small Business Capita made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Beef O'Brady's Family Sports Pubs Who Lends Money to Small Businesses in Greenville, South Carolina
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