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April 27, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Manhattan Beach, Business Loans > Beach Business Bank Manhattan Beach Business Loans > Full-Service Restaurants Loan | ||||
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Beach Business Bank SBA Loans
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Financing for Full-Service RestaurantsLooking for loans for full-service restaurants? An SBA loan may be just what you've been looking for. This $1,118,000 full-service restaurants loan was issued by a California bank. This company received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Beach Business Bank, out of Manhattan Beach, California. The loan was granted and they received $1,118,000 to help grow their Haines City, Florida business. SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender BEACH BUSINESS BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 10/18/2006 Loan Approval Gross Amount $1,118,000 Loan Approval from the SBA Of the total $1,118,000 loan amount, the SBA guaranteed $838,500. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 15 employees. The SBA loan application for the borrower indicated that the loan would help generate 20 new jobs and retain 15 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $1,118,000 loan. Remember, where there is a will, there is a way! 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: Accountant's Role in Securing Financing Banks in Manhattan Beach, California
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