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April 26, 2024 |
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| Home > Small Business Lenders by State > Florida Business Loan Sources > Longwood, Business Loans > Orlando National Bank Longwood Business Loans > Beef O'Brady's Winter Park Loan | ||||
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Business Loans for Casselberry Small Business Owners
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Casselberry, FL Entrepreneur Gets SBA Loan to Buy Beef O'Brady's FranchiseNeed money to buy a Beef O'Brady's franchise? Orlando National Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Casselberry, Florida needed money to invest in a Beef O'Brady's franchise back in 2002. Orlando National Bank issued an SBA franchise loan. Here are the details on this Florida small business loan. SBA Loan Borrower BEEF O'BRADY'S WINTER PARK SBA Loan Lender ORLANDO NATIONAL BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA bank loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 12/6/2002 Loan Approval Gross Amount $244,000 Loan Approval from the SBA Of the total $244,000 loan amount, the SBA guaranteed $183,000. 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 26 employees. The SBA loan documents did not indicate that the business planned to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your Business If you need money to start a business or need money for an existing business, an SBA loan can be a great way to raise money While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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 How Much Venture Capital Is There? Where to Get an SBA Loan in Longwood, Florida SBA Participating Banks in Florida
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