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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, Inc. Of Yulee Loan | ||||
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I Need an SBA 7A Loan to Buy a Franchise in Yulee, Florida
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Borrow Money to Buy a Dick's Wings & Grill FranchiseBorrowing money to purchase 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 Yulee, 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 2004 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, INC. OF YULEE SBA Loan Lender FIRST FED. BANK - NO. FLORIDA This lender issued this bank loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722211 - Limited-Service Restaurants Loan Approval Date 10/25/2004 Loan Approval Gross Amount $230,000 Loan Approval from the SBA Of the total $230,000 loan amount, the SBA guaranteed $172,500. 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 2 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan 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. This SBA loan was for $230,000. How would you spend $230,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Dealing With Venture Capitalists Best Banks in Palatka, Florida Getting a Business Loan in Florida
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